January retail sales rose 1.1% to $70.7 billion, Statistics Canada reported, signaling a pickup in consumer spending. CIBC senior economist Andrew Grantham called it "a solid start to the year," pointing to improved consumer sentiment. The print supports near-term domestic demand and retail-sector performance but is unlikely to materially alter the broader macro or monetary policy outlook on its own.
January retail sales rose 1.1% to $70.7 billion, Statistics Canada reported, signaling a pickup in consumer spending. CIBC senior economist Andrew Grantham called it "a solid start to the year," pointing to improved consumer sentiment. The print supports near-term domestic demand and retail-sector performance but is unlikely to materially alter the broader macro or monetary policy outlook on its own.
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mildly positive
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