Canadian Retail Sales Drop May be a Pause or an Early Warning
Dow Jones
Sep 24
1001 ET - Canadian consumer spending momentum dipped in July, though a single month doesn't make for a trend, Canadian Chamber of Commerce's Jasleen Trehan says. The economist in the chamber's business data lab notes that after a 0.7% pullback in July, the early estimate points to a 1.3% rebound in August that may suggest some momentum is already returning. "Heading into the fall spending season, the question is whether July was simply a pause after a strong June or an early warning sign of a more cautious Canadian consumer."
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