Canadian Household Spending Likely a Tailwind for GDP for Now -- Market Talk
Dow Jones03-20 22:21
1021 ET - A 1.1% on-month rise in Canadian retail sales in January was weaker than expected but, along with an advance estimate for another gain in February, paints a more positive picture for household spending than late last year, Capital Economics' Bradley Saunders says. It suggests spending will be a tailwind for GDP growth this quarter, the economist says. Still, with gasoline prices headed for C$2 a liter, the hit to households' purchasing power could crush real consumption in the second quarter, he adds. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
March 20, 2026 10:21 ET (14:21 GMT)
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