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Savings Bonds Drive 1984 Retail Hesitation in Canada
Canadian households hoarded savings bonds in November seeking security as 1984 ended. Despite 7.6 percent growth and falling loan rates, real incomes lagged pre recession levels, creating a cautious consumer mood. Economists forecast slower but positive 1985 growth with low inflation and rates, though retailers face weaker demand and an uncertain job outlook.
MENTIONED IN THIS ARTICLE
Robert Dorrance
Philip Heitner
Nesbitt Thomson Bongard
Statistics Canada
Paul Kovacs
Canadian Manufacturers’ Association
U.S
Arthur Donner