The Canadian consumer isn't cracking yet, but the momentum is fading
Scotiabank published its NielsenIQ Omnishopper and the headline number is a deceleration: consumer spending growth ran at +6.1% y/y in the four weeks to July 11. That's down from +8.1% in May and +7.1% in June. The trailing 12-week figure dipped to +6.4% from +7.1% a month ago. T
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