A new report from RBC found spending in Canada has showed signs of slowing in July, with retail sales excluding vehicles still climbing, but now at a slower rate.
BNN BloombergIt appears interest rate hikes have finally made a pinch on Canadians’ spending habits.spending in Canada has showed signs of slowing in July, with retail sales excluding vehicles still climbing, but now at a slower rate.
Restaurant spending, meanwhile, has been on a steady incline since January 2022, but RBC notes the latest figures represent an increase in prices, rather than more restaurant visits.
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