The 0.4% m/m increase in retail sales volumes in May, offsetting a similar decline the month before, suggests that most Canadian consumers remain confident about job prospects. But that could all change very quickly as the fallout in business investment hits the labour market during the second half of the year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services