Page 6 - Carrie Freestone News Today

Household spending in recreation and culture increased by 21 per cent in the first quarter of 2023 compared to an average of two years leading up to the pandemic, Statistics Canada says

'If wage growth is going to cool, then we better see inflation come down even faster,' said a senior economist with job site Indeed.

‘If wage growth is going to cool, then we better see inflation come down even faster,’ said a senior economist with job site Indeed.

"Its a bit of a tug of war between the two."

All eyes will be on the labour force survey at the end of this week

All eyes will be on the labour force survey at the end of this week

Consumers are spending more, but is that really good news for the economy?

Retail sales rise and house prices rebound, but that may not be such happy news. Inflation means we're spending more to get less stuff. And central banks may feel compelled to play spoilsport.

The Colliers 2023 Retail Outlook is a sign of the ongoing resiliency of Canadian shoppers despite higher inflation and recession predictions

Retail sales growth in Canada is continuing to outperform much of the world so far this year, a sign of the ongoing resiliency of Canadian shoppers despite higher inflation and recession predictions, a new report has found.