Energy names hold up, some retailers wobble, and manufacturers talk inventories and lead times. Local shoppers feel it in staples first, then durables. The better threads focus on market insights Canada—category by category—rather than one headline number. Practical tips: time big purchases, compare substitutes, and spread fixed costs when possible. Portfolio angle: prefer clean balance sheets, reliable cash flow, and managements that disclose supply-chain plans. Don’t chase every pop or panic; set ranges for adds and trims and let the plan work.