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Canada: Spending resilience with energy pressures – RBC - tmgm.com
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Canada: Spending resilience with energy pressures – RBC tmgm.com
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Canadian consumers continued spending through another challenging quarter -- RBC data
The desk interprets the recent RBC analysis as an indicator of strong consumer resilience in Canada, despite ongoing economic pressures. Spending increased by 2.4% in Q2, excluding gas purchases, with discretionary spending up 3.7%, signaling consumer confidence and a potential foundation for further economic stability. As RBC forecasts continued consumer expenditure growth in H2, this context may bolster CAD's fundamentals. Per the full note [source], upcoming retail sales reports will be pivotal in verifying these trends.
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