Watkins Group
Retail sales for June did not expand much from the previous month, in line with the view that the consumer-driven economy could be slowing.
It’s all about inflation this week. Canada’s inflation rate ticked higher in July but remains well below the multi-decade highs reached in 2022.
It looks like the markets are trying to shrug off negative perceptions as they inch up to close out the week.
A bit more volatility added back into the market this week with the surprise rating change for the United States. Here in Canada, the manufacturing sector shrank for a third consecutive month in July.