Canadian retail sales weaker-than-expected in March: instant reaction

Robert Kavcic, senior economist, BMO Capital Markets, joins BNN Bloomberg to discuss the impact of mortgage resets on Canadian consumers.
Subscribe to BNN Bloomberg to watch more videos: / bnnbloomberg
Connect with BNN Bloomberg:
For the latest news visit: www.bnnbloomberg.ca
For a full video offering visit BNN Bloomberg: www.bnnbloomberg.ca/video
BNN Bloomberg on Facebook: / bnnbloomberg
BNN Bloomberg on Twitter: / bnnbloomberg
BNN Bloomberg on Instagram: / bnnbloomberg
BNN Bloomberg on LinkedIn: / bnn-bloomberg
--
BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.

[@KneZor]

... Sales in March... Reported on May 24...

[@edmac3893]

Debt is up, but retail sales are down. Where is money going - mortgage interest, rent increases, increased property tax, carbon tax on home heating/ fuel, food …

[@Icecold0505]

Shocker! Everyone I know under 50 is struggling.

[@Tomyum19]

Not me!

[@Dailyrandomshortz]

In March ? lol Canadians really haven’t had it this bad ever. When is jt and freeland going to jail

[@manojchowdhary4208]

In another news, PM Trudeau has found credible allegations that Indian diplomats have stopped shopping in Canada causing slowdown in the country. 😂😂

[@DJRS2178]

So looming job loss and a recession

[@butwhytharum]

"use your home to get a loan" dont got a fuckin home to borrow against.

[@stephenr6194]

Wow.. rate reduction cheers leaders are in full force before the weekend

[@Chris-se3nc]

Cut rates

[@hchalz]

It is time for Trudeau and Freeland to hike taxes to like 80% of all income and profit. If Canadians don't spend money, Trudeau and Freeland can grab the money and spend it on behalf of Canadians, to grow the economy

[@butwhytharum]

funny how borrowing money costs went up and all of a sudden no one spends. almost as if they didnt have money to begin with... wanna play with business laws for personal use prepare for the consequences.

[@Richard_Stroker]

No mention that retail sales increased in April?!