New Market Report Now Available: Canada Food & Drink Report Q1 2013
We forecast real private consumption to grow by 2.0% in 2013, following 2.0% growth in 2012 and 2.4% in 2011. Our core view is that households will continue to restrain expenditure amid stretched balance sheets, and as income growth remains subdued. The strong Canadian dollar and decent wage growth will continue to underpin shoppers' spending power, with consumption slowing against this backdrop. However, we think that the retrenchment of the Canadian consumer amid high debt levels is a healthy and...
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