Reitmans Ord Shs V.RET.A

Tailwinds of Demographic Boom in 2023..2.7 % increase

[nozzpack]

Canada's population was estimated at 39,566,248 on January 1, 2023, after a record population growth of 1,050,110 people from January 1, 2022, to January 1, 2023.

This marks the first 12-month period in Canada's history where population grew by over 1 million people, and the highest annual population growth rate (+2.7%) on record since that seen for 1957 (+3.3%)

[nozzpack]

  BOC must have read my post..lol...More importantly, BOC is projecting REAL economic growth ex Inflation....about 6% including inflation Bank of Canada projected that real gross domestic product would increase by 1.4 per cent this year, up from a previous forecast of 1 per cent, and by 1.3 per cent in 2024. The BOC said a key factor in its 2023 upgrade was the surge in population

[Torontojay]

They want to boost gdp numbers with immigration which makes it that much harder to contain inflation.  More people = higher rents = higher home prices = higher inflation = good gdp numbers = inflation for longer  There is no way Canada's policy rate is at restrictive levels. At the very best, our policy rate is currently at neutral levels.   

[nozzpack]

Perhaps. But bottom line, even with no top line growth, sales could increase by 4% in 2023. Add in some modest price increases and two more stores, and we could be up to 10% growth