Canadians May Be Shifting Money From Savings Toward Spending -- Market Talk
Dow Jones03-20 22:18
1018 ET - Canadian retail sales for the first two months of the year were surprisingly strong given adverse weather conditions in parts of the country, with trade up 1.1% on-month in January and an advance estimate pointing to a 0.9% rise in February. Desjardins' Oskar Stone says that given the job losses in the opening months of 2026, it appears Canadians are diverting more money away from savings and toward spending. There is a limit to how long such a dynamic can continue, the economist says, adding consumers are now feeling the squeeze of higher gasoline costs. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
March 20, 2026 10:18 ET (14:18 GMT)
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