A research produced by
Even though by October 2012 Canadian consumer sales, boosted by a strong automotive sector, had reached a high of $389.8 billion versus $378.5 billion for the same period last year, retail sales were in the view of most financial analysts as sluggish at best. Even the promotionally driven spike in sales of the holiday season may not be enough to fully overcome what is proving to be a lacklustre year. It seems that even in Canada, which has weathered the economic recession of the last four years better than most, consumer confidence is still somewhat lacking.
Source : Cushman & Wakefield
