NEW YORK — Canada’s economy got a bigger boost from consumer spending than expected in January in stark contrast to the U.S. where both consumer confidence and spending are heading south.
Retail sales in Canada rose 1.5 percent month over month in January to roughly $35.8 billion, compared to a predicted 1.4 percent increase. It was the third consecutive month of strong gains in retail sales. Clothing and accessories sales recorded an impressive 2.9 per cent jump, second only to the 3.2-per-cent gain by building and outdoor home supplies.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"