(Reuters) - Retail sales soared 2.8 percent in the month, Statistics
Canada said, the biggest monthly increase in nearly a decade,
and well ahead of analyst forecasts of 0.5 percent.
The strong result suggested domestic spending will continue
to underpin inflation pressures, and prompted analysts to
predict continued interest rate hikes from the Bank of Canada.
Read more at Reuters.com Economic News
Canada said, the biggest monthly increase in nearly a decade,
and well ahead of analyst forecasts of 0.5 percent.
The strong result suggested domestic spending will continue
to underpin inflation pressures, and prompted analysts to
predict continued interest rate hikes from the Bank of Canada.
Read more at Reuters.com Economic News
No comments:
Post a Comment