Jan. 23, 2026 "Canadian retail sales up 1.3 per cent in November at $70.4 billion: StatCan": Today I found this article on BNN Bloomberg:
OTTAWA — Statistics Canada says
retail sales rose 1.3 per cent to $70.4 billion in November after a deal was reached in B.C.
to end a labour dispute that affected the province’s liquor distribution branch.
The agency says retail sales were up in eight of the nine subsectors it tracks with the food and beverage retailers gaining 3.0 per cent.
Sales at beer, wine and liquor retailers helped lift the subsector as they rose 14.3 per cent in November,
rebounding after an 11.8 per cent drop in October amid the labour disruptions in B.C. that impacted the sale and distribution of alcoholic beverages.
Core retail sales — which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers — rose 1.6 per cent in November.
In volume terms, retail sales gained 1.1 per cent.
Looking ahead, Statistics Canada says its advance estimate for retail sales suggests a drop of 0.5 per cent in December, though it cautioned the figure will be revised.
This report by The Canadian Press was first published Jan. 23, 2026.
Jan. 26, 2026 "Canada, U.S. divergence on K-shaped consumer spending cause for concern: CIBC": Today I found this article by Daniel Johnson on BNN Bloomberg:
TORONTO — CIBC Capital Markets says Canada’s economy is seeing less of a K-shaped pattern in consumer spending compared to the U.S., and while that might appear to be good news, it could actually point to larger issues.
Andrew Grantham, senior economist at CIBC, says the U.S. economy is seeing
high-income earners drive most of the growth in consumer spending
compared with middle- and lower-income earners,
giving way to a K-shaped pattern.
Meanwhile in Canada, he says spending across all income groups have seen similar percentage increases over the past few years,
indicating lower-income households could be dipping into savings to support spending.
He says the divergence between the two countries may not be surprising given that Canada’s high-income earners don’t have the same degree of wealth and income compared to their U.S. counterparts.
He also says cautious behaviour among higher-income earners could be cause for concern,
as those households may be more sensitive to borrowing costs.
Grantham says the overall trend may be a bad sign,
but new data on income and spending, scheduled to be released this week, may change the narrative.
This report by The Canadian Press was first published Jan. 26, 2026.
Daniel Johnson, The Canadian Press
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