Too many consumers are broke. Debt and taxes have driven up bankruptcies, insolvencies and defaults.
No wonder retail sales have plummeted.
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Scotiabank Economics
@ScotiaEconomics
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Canadian retail sales fell 1.2% m/m in October as growth is stalling out in Q4 of 2019. The Bank of Canada will be pressured to revise its forecasts in January. #CdnEcon
Read the full report here: https://scotiabank.com/content/dam/scotiabank/sub-brands/scotiabank-economics/english/documents/scotia-flash/scotiaflash20191220.pdf…
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