Canada\u0027s retail sales rose in January but early estimates for February suggest the Canadian consumer is running out of steam. Read more
A pullback in spending was also supported by weaker consumer confidence. Polls have showed repeatedly that higher interest rates and inflation have soured the mood of households, which economists say will eventually show up in weaker demand.
Canadians also spent more on clothing and clothing accessories, with sales up 2.2 per cent, the largest increase since February 2022, according to Statistics Canada.
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