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Weekly Commentary

A Difficult Holiday Season for U.S. Consumers

January 15, 2021
François Dupuis • Mathieu D’Anjou • Benoit P. Durocher • Francis Généreux • Lorenzo Tessier-Moreau • Hendrix Vachon

HIGHLIGHTS:

  • United States: 2020 ends with new retail declines but a spike in manufacturing.
  • United States: Gas drives up consumer prices in December.
  • Jobless claims soar in the United States.
  • Slight drop in U.S. consumer confidence.
  • Canada: Existing home sales ended 2020 up significantly.

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