Retail Sales Powering the Economy
Summary
"We're probably going to feel a bit of that slowdown through our net trade sector," said Carolyn Kwan, a financial markets economist at Scotiabank.
"Domestic demand is projected to continue to support economic expansion through 2008," the bank said. "Consumer spending is expected to remain firm, owing to further gains in disposable income and household net worth.""Assuming no growth in September, today's release would put real retail sales growth at about a four per cent pace in the third quarter," said Dawn Desjardins, senior economist at the Royal Bank. "Although slower than in the second quarter, this growth still suggests that consumer spending and, more broadly, domestic demand continue to be a support for the economy."See the full content of this document
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Retail Sales Powering the Economy
By John Ward
OTTAWA -- Car lots were humming in August and they helped push Canadian retail sales to a greater-than-expected one per cent gain for the month.Retai...See the full content of this document
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