Market Report, "Canada Food & Drink Report Q4 2012", Published
Canadian consumers leveraged up during the global downturn in 2008-09, which helped to underpin consumption and the economy as a whole. Now, the debt overhang threatens to curb consumption growth. We are forecasting relatively weak real private consumption growth of 1.9% in 2012 and 2.0% in 2013. Households will continue to restrain expenditure amid stretched balance sheets, and while income growth remains subdued. Furthermore, the national housing market could be due a correction, with prices gains among the highest in...
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