Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Canadian consumer spending struggled in January – RBC

February 14, 2025 at 01:35PM
I’m finding the Canadian consumer spending tracker from RBC to be a valuable look at the health of Canadian shoppers. We won’t get the retail sales report until next Friday but today I noted some poor same-store sales numbers from Canadian Tire.

Now, the latest report from RBC is out and it highlights a ‘sluggish start’ to 2025 spending.

“Retail (goods) sector sales excluding autos pulled back in January both before and after adjusting for inflation,” the report says. “Discretionary services spending has had an impressive run, but posted weak growth in January despite softness in accommodation and food services spending.”

The survey noted a 1.2% m/m drop in restaurant reservations (seasonally adjusted).

A hint of good news came on a pickup in home-related spending, something they said could mean a lift in the housing market.

Read the report.

This article was written by Adam Button at www.forexlive.com.

Canadian consumer spending struggled in January – RBC