Industry Report Card: Canadian Retail Ratings Relatively Stable, While Consumer Products Sector Feels The Heat Jul 09
Standard & Poors, July 2009
Abstract
Canada fell into recession in the final months of 2008, and things have only gotten worse in 2009. Due to the recession's global nature, Canadian companies involved in international trade have been hit as badly as more domestically focused firms hurt by falling consumer spending. Canadian consumers have geared down their discretionary spending in favor of restoring their savings. With household purchases accounting for almost two-thirds of all spending in the economy, this new emphasis on thrift is weighing heavily on GDP growth. Consumer spending has fallen about C$10 billion since September 2008. As a result, the personal savings rate is back at 4.7%, up from a low of 1.9% before the start of the recession. This increase brings the...
Companies mentioned in this report are:
- Cott Corp.
- Viterra Inc.
- Shoppers Drug Mart Corp.
- Sobeys Inc.
- George Weston Ltd.
- Loblaw Cos. Ltd.
- Metro Inc.
- Canadian Tire Corp. Ltd.
- Alimentation Couche-Tard Inc.
- Bombardier Recreational Products Inc.
- Dollarama Group LP
- MEGA Brands Inc.
- RONA Inc.
- KIK Custom Products Inc.
- LJVH Holdings Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Cott Corp.
- Viterra Inc.
- Shoppers Drug Mart Corp.
- Sobeys Inc.
- George Weston Ltd.
- Loblaw Cos. Ltd.
- Metro Inc.
- Canadian Tire Corp. Ltd.
- Alimentation Couche-Tard Inc.
- Bombardier Recreational Products Inc.
- Dollarama Group LP
- MEGA Brands Inc.
- RONA Inc.
- KIK Custom Products Inc.
- LJVH Holdings Inc.
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