The soft patch in household spending may be more than just a blip, judging by the negative effect high energy prices and rising food prices are having on underlying retail sales. Although we anticipate a pick-up in retail spending during the second half of this year, this rebound will probably be lacklustre, providing even more reason for the Bank of Canada to postpone removing the current monetary stimulus.
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