Canada’s consumer spending is weaker than people realize, says CIBC ...Middle East

Breadcrumb Trail Links News Bank of Canada will need to cut deeper than markets expect Published Jan 23, 2024  •  4 minute read Consumer spending in Canada is nearing levels seen in past recessions, says economist. Photo by Getty Images Article content Article content Consumer spending, that engine of growth, is weaker than most people realize and that could get ugly for the economy, warns a CIBC economist this week. Senior economist Andrew Grantham says the volume of spending in this country, on a per-person basis is well below pre-pandemic levels and nearing levels seen only in recessions. Aggregate consumer spending adjusted for inflation has risen almost 2 per cent

Hence then, the article about canada s consumer spending is weaker than people realize says cibc was published today ( Tuesday 23/01/2024 - 04:56 PM ) and is available on canadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Canada’s consumer spending is weaker than people realize, says CIBC )

Also on site :

• Inside the epicenter of the Ebola outbreak in DRC as the virus spreads
• White House shooter Naseer Best, 21, who identified himself as Jesus Christ shot dead
• The Middle East war is testing the Gulf’s ambitions to become an AI hub