Bradley Saunders, an economist at Capital Economics, stated that the Canadian government's sales tax holiday on certain Commodities and strong growth in real disposable income should support household Consumer spending to strengthen until early 2025, even though recent retail sales data has raised a bit of caution. Saunders pointed out that Canada's retail sales in October increased by 0.6% month-on-month, which purely reflects price increases, as there was no change in sales volume, meaning the sales volume ended a month of strong growth. Preliminary estimates for November indicate that sales remained unchanged, and Saunders noted that this could suggest that the October figures mark the beginning of a larger trend rather than being a one-off event.