Canada retail sales flat, cementing October rate pause

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Canadian consumers are tightening their purse strings, cementing a case for the Bank of Canada to hold interest rates steady next week.

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Canada retail sales are flat, cementing October rate pauseCanadian consumers are tightening their purse strings, cementing a case for the Bank of Canada to hold interest rates steady next week.
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Bank of Canada expected to hold key interest rate at 5% amid ‘sluggish’ economyThe Canadian economy shrank in the second quarter. Economists anticipate that weakness will continue for the rest of the year and into 2024.
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