[The report indicates] consumer spending is gearing back, ... It is very much in line with sagging in consumer confidence in recent months. Although it does not suggest that consumer spending is falling apart, it is losing a lot of steam.

While it's a bit of a surprise, the slightly downbeat news on confidence can be explained by the ongoing weakness in employment, and perhaps consumers are a little concerned about the backup in mortgage rates. But while they're becoming less confident, they're still buying -- the latest sales numbers still look good.

I still have a lot of confidence in their product,

Canadian consumer spending is finally poised to hit the brakes after a spectacular run earlier this year,

The industrial sector is cruising along at a moderate but not spectacular pace, and that's a good thing at this stage of the expansion.

Forecasts of parity (with the U.S. dollar) are multiplying faster than bunny rabbits in May.