Households to curtail spending amid softer labour markets, easing wage growth
Data reinforces the BoC's decision to hold rates, economist says
Fifth straight monthly gain reflects resilient economy despite tough economic environment
Canada's merchandise trade surplus with the United States rose to $7.4 billion
Consumer spending “continued to sputter” as economic growth weakened
Retail sales and bank earnings top this week's releases
But higher interest rates are weighing on economic activities dependent on credit
Sales at general merchandise retailers rose 3.3% in April, while food and beverage retailers saw a gain of 1.5%
New figures to be released this week could show signs of softening
Supply chains are good now but demand is lacking