Outperformance Of Canadian Retailers Moderated By Fierce Price Competition

The latest results from Canadian retailers suggest that the consumer market continues to be something of an outperformer in terms of developed states. This is reflected in the strong share price performance of two out of three of the country's largest retailers, which have outperformed BMI's grocery retail index since the start of 2011 (see chart). While the Canadian economy has certainly been impacted by weak global growth and the poor state of the US economy, the consumer remains in a relatively strong position to continue purchasing, which should bode well for steady (if not spectacular) results for the country's

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