Skip to main content

Spending slowdown more abrupt than desired

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.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.