{"id":6385,"date":"2018-04-20T09:20:00","date_gmt":"2018-04-20T13:20:00","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=17fc5ad068a3fdb52dce27f3f707f8cf"},"modified":"2018-04-20T09:20:00","modified_gmt":"2018-04-20T13:20:00","slug":"canadas-retail-sales-are-far-weaker-than-we-thought","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/20\/canadas-retail-sales-are-far-weaker-than-we-thought\/","title":{"rendered":"Canada\u2019s retail sales are far weaker than we thought"},"content":{"rendered":"<p>OTTAWA &#8212; Canadian retail sales during the crucial holiday shopping season were far lower than previously projected as consumers appeared to pull back on spending.<\/p>\n<p>Statistics Canada has released revised estimates for its retail-trade figures &#8212; and they are considerably weaker when compared to the initial readings published by the federal agency.<\/p>\n<p>The agency now estimates retail sales for November contracted 1.1 per cent compared to the previous month, which is a downward revision from its previous figure of 0.5 per cent growth.<\/p>\n<p>For December, the agency now says retail trade likely fell 1.2 per cent, which is deeper than its previous estimate of just a 0.7 per cent contraction.<\/p>\n<p>The report says retail sales grew by only 0.1 per cent in January, compared to the initial estimate of a 0.3 per cent expansion.<\/p>\n<p>Statistics Canada also released its monthly number for February, when it estimates retail sales increased 0.4 per cent to $49.8 billion &#8212; with the biggest increases coming from new car dealers and general merchandise stores.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumers appear to pull back on spending<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6385"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=6385"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6385\/revisions"}],"predecessor-version":[{"id":6386,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6385\/revisions\/6386"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=6385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=6385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=6385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}