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Canada lagged U.S. in December retail sales growth -Mastercard
Reuters: Healthcare
Wed, 16 Jan 2013
TORONTO, Jan 16 (Reuters) - Canadian retail sales grew by a tepid 1.6 percent in December, lagging even the disappointing gains posted in the United States during the month that includes the peak holiday shopping weeks, according to data released by MasterCard on Wednesday.
Despite recent conflicting reports, holiday retailsales should manage decent 3.5% to 4% year-over-year growth once all the data is in, says Morningstar's Bob Johnson.
Retailers are right to expect a better November as consumers bounce back following Sandy and continue holidayshopping , says Morningstar's Bob Johnson.
Holiday retailsales growth should decelerate this year as consumers' pent-up demand is tempered by uncertainty over the markets and stagnant wage growth, says Morningstar's R.J. Hottovy.