Retail sales boom but Omicron spoils the party
The Omicron variant swept through the country before the holidays, with most provinces seeing record high cases and hospitalizations. This forced many provinces to impose stricter restrictions, with the common denominator being limited customer capacity for retailers. On top of that, steadily rising prices, waning household savings, and lingering supply chain disruptions are also taking their toll on the retail industry.
Quick take | 2-min read
January 21, 2022
Focus Area—Canadian Economics