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Keyword: Consumer spending

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Closeup of woman holding shopiing bags on the street with copy space

Higher prices and the war in Ukraine contributed to a decline in the six-month outlook

  • By: Matt Ott
  • March 29, 2022 March 29, 2022
  • 14:10
Washington DC skyline with Monument Capitol and Abraham Lincoln memorial

The United States annualized GDP growth, at 2.3% in Q3, was better than the original estimate of 2.1%

Man holding a credit card, typing on laptop, online shopping

Spending was more than three times what was planned, an FP Canada survey found

8508076 - close-up of payment machine buttons with human hand holding plastic card near by

Even before the omicron variant appeared, consumer optimism was being tested by price spikes

Family selecting Christmas tree. Kids choosing freshly cut Norway Xmas tree at outdoor lot. Children buying gifts at winter fair. Boy and girl shopping for Christmas decoration at market. Holiday time

The increased spending rate could be well into the double digits relative to last year

change direction

The prolonged, profound pandemic experience may have altered consumers for good, researchers suggest

men holding on to balloons as they float away into the air

Consumer spending growth slows as incomes drop, BMO reports

8508076 - close-up of payment machine buttons with human hand holding plastic card near by

Meanwhile, the BoC's latest quarterly report suggests people will spend some of the savings they've amassed

8508076 - close-up of payment machine buttons with human hand holding plastic card near by

High debt levels and rising rates may keep consumers on the sidelines

Halifax, Nova Scotia, Waterfront

Migration to Atlantic Canada could fuel a regional rebound, RBC says