This industry profile provides a five-year forecast for Canada’s Retail Trade Industry.
Canada’s Retail Trade Industry: Industrial Profile Autumn 2009
Canada’s Retail Trade Industry: Industrial Profile Autumn 2009
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- Strong Dollar—As a domestically oriented industry with a large portion of goods sold originating in other countries, the strong dollar has been a major source of cost savings for the industry.
- Recession Resistant—Some segments of the industry are not overly sensitive to business cycles and continue to grow despite the economic downturn.
- Consumer Wealth—Consumers are saving a bigger share of their income as they attempt to rebuild wealth lost on the stock market.
