Retail Strength Adds Fuel to Canada’s Economy

Supported by an even stronger economy south of the border, retail in Canada has maintained its uptrend.
Retail Strength Adds Fuel to Canada’s Economy
Shoppers wait for H&M to open. Retail sales are trending higher as consumers have money to spend. The Canadian Press/Justin Tang
Rahul Vaidyanath
Updated:

NEWS ANALYSIS

A robust economy and stock market are invigorating consumers’ wallets. Supported by an even stronger economy south of the border, retail in Canada has maintained its uptrend while digesting disruptive technological change.
“Retail has never been in trouble in the last few years,” said business expert Mark Satov, founder of Satov Consultants, in an interview. Retail’s black eyes mainly stemmed from brick and mortar—most notably in the United States—that needed to go through a cleansing of sorts due to overbuilding.
Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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