Canadian client spending struggled in January – RBC

I am discovering the Canadian client spending tracker from RBC to be a invaluable have a look at the well being of Canadian consumers. We can’t get the retail gross sales report till subsequent Friday however immediately I famous some poor same-store gross sales numbers from Canadian Tire.

Now, the most recent report from RBC is out and it highlights a ‘sluggish begin’ to 2025 spending.

“Retail (items) sector gross sales excluding autos pulled again in January each earlier than and after adjusting for inflation,” the report says. “Discretionary providers spending has had a formidable run, however posted weak progress in January regardless of softness in lodging and meals providers spending.”

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

A touch of excellent information got here on a pickup in home-related spending, one thing they mentioned might imply a elevate within the housing market.

Learn the report.

This text was written by Adam Button at www.ubaidahsan.com.



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