world-economy

Canadian Retail Sales Momentum Broadens Beyond Fuel-Driven Growth

Canadian retail sales are forecast to expand 0.4% in June as consumer spending diversifies beyond gasoline purchases, signaling broader economic activity across merchandise categories.

North American freight markets show mixed signals. Heavy truck manufacturers remain confident in full-year outlooks despite first-half sales declines, sustained by orders tied to data center buildouts.

Agricultural equipment sales, however, are flashing caution signals for flatbed carriers. Farm sector weakness threatens to dampen hauling volumes in this traditionally cyclical segment.

Tariff pressures complicate the outlook. Recently imposed 50% duties on Canadian goods are expected to affect cross-border trade flows and logistics demand, particularly for automotive and consumer goods movements.