Consumer spending sharply declined in January, signaling a potential economic slowdown, with retail sales dropping 0.9% after an upwardly revised gain in December. Excluding autos, sales fell 0.4%, impacting the “control” measure for GDP calculations. Despite concerns, some factors like bad weather and auto sales fluctuations suggest no cause for alarm, while inflation remains above the Fed’s target at 3% annually.
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Everything you need to know about the 'downward social mobility' report Poilievre quoted
During a press conference, Conservative Leader Pierre Poilievre highlighted a report from Policy Horizons warning that many Canadians may face downward social mobility by 2040, describing it as depicting a potential economic depression and rising costs. Policy Horizons, established in 1996, conducts strategic foresight to analyze future policy challenges and opportunities, emphasizing that the report presents hypothetical scenarios to prepare the government for various futures rather than making predictions. The report suggests a future where...
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