Canadian cardholder spending data "nothing short of abysmal" in latest RBC report ...Middle East

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Canadian cardholder spending data nothing short of abysmal in latest RBC report
RBC is out with its latest Canadian consumer spending tracker and the cardholder data from Canada's largest bank shows a worsening picture.The report says Canadian consumers "are tapped out":Retail sales likely declined in September, both nominally and after inflation adjustmentQ3 marks first quarter since early 2021 that services sector spending has weakenedPer capita retail spending "nothing short of abysmal" - declined in 7 of past 9 quartersOverall sales buffered by rapid population expansionDetails:Saw a "significant pullback" in clothing and footwear spending after August back-to-school surgeCar sales moderated after strong summerEssential spending (groceries, gas) weakenedDining out f

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