{"id":76086,"date":"2022-11-22T21:11:49","date_gmt":"2022-11-22T17:11:49","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=76086"},"modified":"2022-11-22T21:21:13","modified_gmt":"2022-11-22T17:21:13","slug":"data-wise-canadas-consumer-spending-still-robust","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/data-wise-canadas-consumer-spending-still-robust\/11\/22\/market-updates\/","title":{"rendered":"Data-wise Canada\u2019s consumer spending still robust"},"content":{"rendered":"\n<p>Tuesday\u2019s data showed the declining retail sales in Canada in September by 0.5%. The biggest decline comes from gasoline and is linked to lower prices during the month in question , making sales a little better in volume terms with a 0.1% decline.<br><br>The advance estimate for October shows a healthy bounce back of 1.5%, suggesting that consumer spending on goods is still strong. <br><br>Q3 may represent a modest giveback of prior strength in terms of retail sales volumes, but with spending on services continuing to recover the consumer is still expected to be a positive contributor to overall GDP growth in Q3.<br><br>The advance estimates for October retail, wholesale and manufacturing suggest that Q4 started with a little more momentum than we previously expected, this could exert some upside pressure on the Bank of Canada&#8217;s GDP forecast (+0.5% annualized) for Q4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tuesday\u2019s data showed the declining retail sales in Canada in September by 0.5%. The biggest decline comes from gasoline and is linked to lower prices during the month in question , making sales a little better in volume terms with a 0.1% decline.The advance estimate for October shows a healthy bounce back of 1.5%, suggesting &hellip;<\/p>\n","protected":false},"author":13,"featured_media":32203,"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":[8691,7172,7826,7916],"class_list":["post-76086","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-canadian-gdp","tag-consumer-spending","tag-q3","tag-q4"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76086","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=76086"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76086\/revisions"}],"predecessor-version":[{"id":76091,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76086\/revisions\/76091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32203"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}