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3 days ago · We look for Canadian consumer spending to remain soft in the first half of this year before ticking higher in the second half. Sluggish Q1 retail spending suggests consumers still adjusting to higher rates and cost of living See update from March 14, 2024
- Proof Point: Consumer spending headwinds should ease in ...
Consumer spending headwinds should ease in second half of...
- Proof Point: Consumer spending headwinds should ease in ...
Jul 21, 2023 · Consumer spending will likely slow noticeably in the second half of the year as people cut back on discretionary purchases, said Tapp. The chamber tracks local spending using data from payments firm Moneris. Its business data lab found that while consumer spending remained strong in the second quarter, it appeared to turn a corner after the ...
Jun 30, 2024 · The pace of spending has started to slow, however, and economists expect it to moderate further in the back half of 2024. Lower income shoppers are likely to pull back the most, particularly when ...
Jan 31, 2024 · Consumer spending headwinds should ease in second half of 2024. Consumers have been hit by higher living costs – spending per person has declined 2% since Q2 2022 and the household financial obligations ratio has reached record highs. Headwinds will continue to build this year with households, particularly in the bottom 60% of the income ...
Jul 20, 2023 · Consumer spending will likely slow not Consumer spending is expected to cool in the third quarter as interest rate hikes continue to work their way through the economy, experts said. "We do expect that consumers will be under increasing strain, particularly those folks that are borrowing," said Stephen Tapp, chief economist at the Canadian Chamber of Commerce.
Jul 20, 2023 · While consumer spending remained strong in the second quarter, it turned a corner after the Bank of Canada ended its pause on interest rate hikes, the Canadian Chamber of Commerce said. Consumer spending will likely slow noticeably in the second half of the year as people cut back on discretionary purchases, said Chamber chief economist Stephen ...
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Jul 20, 2023 · Consumer spending is expected to cool in the third quarter as interest rate hikes continue to work their way through the economy, experts said. “We do expect that consumers will be under increasing strain, particularly those folks that are borrowing,” said Stephen Tapp, chief economist at the Canadian Chamber of Commerce. “They have to service […]
