Indicators
Canada Consumer Spending Falters as July Sales Decline
People carry shopping bags while walking on St. Catherine Street in Montreal.
Photographer: Christinne Muschi/BloombergCanadian retail sales are set to decline after a weak second quarter, capturing a slowdown in consumption spending amid elevated trade uncertainty and slowing population growth.
An advance estimate suggests receipts for retailers fell 0.8% in July, following June’s 1.5% jump, according to Statistics Canada data released Friday.