Signs mount that the Canadian consumer is slowing with jobs report due today ...Middle East

The highlight on the North American economic calendar today is the Canadian July employment report but it comes amidst sign that consumer spending is slowing down.RBC is out with its latest consumer spending tracker based on credit card data and Canada's largest bank saw a 0.6% decline in July."Canadian consumers are pulling back this summer after years of pandemic revenge spending," RBC writes, nothing that sales have fallen in six of the past seven months.The report notes that spending on food and drinking establishments was particularly hard hit in July, falling 0.88% in a sign of a belt-tightening consumer. Home-related spending also fell 3.3% as high interest rates bite.Consumer spendin

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