{"id":110892,"date":"2025-01-23T20:06:10","date_gmt":"2025-01-23T16:06:10","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=110892"},"modified":"2025-01-23T20:10:00","modified_gmt":"2025-01-23T16:10:00","slug":"canadian-goods-spending-boosted-by-strong-auto-sales-in-q4","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/canadian-goods-spending-boosted-by-strong-auto-sales-in-q4\/01\/23\/market-updates\/","title":{"rendered":"Canadian Goods Spending Boosted by Strong Auto Sales in Q4"},"content":{"rendered":"According to National Bank of Canada, while November&#8217;s retail sales report was disappointing, with overall goods spending stagnating and volumes declining due to rising prices, a surge in car sales provided a significant boost to spending in the fourth quarter.<br \/><br \/>Car sales are estimated to have grown by 19.1% annualized in the fourth quarter, contributing substantially to overall goods consumption. However, this surge may be short-lived. The expiration of several subsidy programs for electric and hybrid vehicles in January is likely to dampen car sales in the first quarter of 2025.<br \/><br \/>Despite this anticipated slowdown, the strong car sales in Q4 are expected to have contributed significantly to overall GDP growth.<br \/><br \/>It&#8217;s important to note that excluding car sales, goods spending may have actually contracted during the quarter, highlighting the significant impact of this single category on overall retail sales.","protected":false},"excerpt":{"rendered":"<p>According to National Bank of Canada, while November&#8217;s retail sales report was disappointing, with overall goods spending stagnating and volumes declining due to rising prices, a surge in car sales provided a significant boost to spending in the fourth quarter.Car sales are estimated to have grown by 19.1% annualized in the fourth quarter, contributing substantially &hellip;<\/p>\n","protected":false},"author":13,"featured_media":104102,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-110892","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=110892"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110892\/revisions"}],"predecessor-version":[{"id":110910,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110892\/revisions\/110910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/104102"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=110892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=110892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=110892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}