{"id":434429,"date":"2026-01-26T14:40:10","date_gmt":"2026-01-26T14:40:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/434429\/"},"modified":"2026-01-26T14:40:10","modified_gmt":"2026-01-26T14:40:10","slug":"booze-and-groceries-prop-up-canadas-fragile-retail-rebound","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/434429\/","title":{"rendered":"Booze and groceries prop up Canada\u2019s fragile retail rebound"},"content":{"rendered":"<p lang=\"EN-US\" paraeid=\"{287d481b-2eb2-43c2-b333-015c8d96076a}{168}\" paraid=\"1899505680\" xml:lang=\"EN-US\">He noted that Canada has \u201cthe highest food inflation in the G7 by a lot\u201d and said that with food prices \u201cup over seven per cent year over year\u201d and sales \u201cbasically flat when you take out booze sales,\u201d the economy is not growing for consumers even as the prices they pay keep rising.\u00a0<\/p>\n<p lang=\"EN-US\" paraeid=\"{287d481b-2eb2-43c2-b333-015c8d96076a}{157}\" paraid=\"232004461\" xml:lang=\"EN-US\">He warned this shows \u201cthe possibility of stagflation\u201d and \u201cdoesn\u2019t portend well for the average Canadian consumer, who is hurting.\u201d\u00a0<\/p>\n<p lang=\"EN-US\" paraeid=\"{6452c596-284f-44be-b475-7d00e1ad877d}{47}\" paraid=\"1535304060\" xml:lang=\"EN-US\">He also described \u201c<a href=\"https:\/\/www.wealthprofessional.ca\/news\/industry-news\/canadas-k-shaped-economy-pushes-affluent-shoppers-up-while-everyone-else-trades-down\/391241\" rel=\"noreferrer noopener nofollow\" target=\"_blank\">a K-shaped economy<\/a>\u00a0where the well-to-do \u2014 and the boomers, I\u2019m one \u2014 are doing well, whereas younger people are struggling to get jobs, struggling to pay for rent, homes and food,\u201d contrasting this with a US economy he said is \u201cdoing better and projected to do better.\u201d\u00a0<\/p>\n<p lang=\"EN-US\" paraeid=\"{6452c596-284f-44be-b475-7d00e1ad877d}{49}\" paraid=\"1862150806\" xml:lang=\"EN-US\">Beyond food and alcohol, Statistics Canada reported that health and personal care retailers saw sales rise 1.6\u00a0percent, while clothing, clothing accessories, shoes, jewellery,\u00a0luggage\u00a0and leather goods retailers increased 2.4\u00a0percent, led by a 2.7\u00a0percent\u00a0gain at clothing and clothing accessories retailers.\u00a0<\/p>\n<p lang=\"EN-US\" paraeid=\"{287d481b-2eb2-43c2-b333-015c8d96076a}{200}\" paraid=\"375100808\" xml:lang=\"EN-US\">Building material and garden equipment and supplies dealers rose 2.1 percent.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"He noted that Canada has \u201cthe highest food inflation in the G7 by a lot\u201d and said that&hellip;\n","protected":false},"author":2,"featured_media":434430,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,93198,51601,44,17506],"class_list":{"0":"post-434429","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-ca","9":"tag-canada","10":"tag-canadian-consumers","11":"tag-food-inflation","12":"tag-news","13":"tag-retail-sales"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/434429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=434429"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/434429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/434430"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=434429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=434429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=434429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}