consumer spending – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Fri, 29 Sep 2023 16:27:41 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png consumer spending – Advisor's Edge https://phoenix.advisor.ca 32 32 Higher gas prices lift inflation gauge but underlying price pressures remain mild https://phoenix.advisor.ca/news/economic/higher-gas-prices-lift-inflation-gauge-but-underlying-price-pressures-remain-mild/ Fri, 29 Sep 2023 15:43:42 +0000 https://www.advisor.ca/?p=231308 Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting

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Record population growth persists: StatsCan https://phoenix.advisor.ca/news/economic/record-population-growth-persists-statscan/ Wed, 27 Sep 2023 18:06:50 +0000 https://www.advisor.ca/?p=231208 At current rates, population would double in 25 years

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U.S. consumer spending to cool sharply: Fitch https://phoenix.advisor.ca/news/economic/u-s-consumer-to-cool-sharply-fitch/ Wed, 27 Sep 2023 17:29:56 +0000 https://www.advisor.ca/?p=231200 Households to curtail spending amid softer labour markets, easing wage growth

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Amid inflation, Canadians cut costs but not big goals: poll https://phoenix.advisor.ca/news/industry-news/amid-inflation-canadians-cut-costs-but-not-big-goals-poll/ Tue, 19 Sep 2023 17:54:31 +0000 https://www.advisor.ca/?p=230907 Despite concerns about saving, only 13% of respondents recently consulted an advisor

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Retail sales rise 0.6% in August largely due to a spike in gas prices https://phoenix.advisor.ca/news/economic/retail-sales-rise-0-6-in-august-largely-due-to-a-spike-in-gas-prices/ Thu, 14 Sep 2023 15:10:19 +0000 https://www.advisor.ca/?p=230752 Fifth straight monthly gain reflects resilient economy despite tough economic environment

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Expect soft consumer spending ahead, TD says https://phoenix.advisor.ca/news/economic/expect-soft-consumer-spending-ahead-td-says/ Wed, 30 Aug 2023 19:38:04 +0000 https://www.advisor.ca/?p=230243 Lofty post-pandemic outlays can't last, given higher debt servicing costs

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U.S. consumer confidence wanes with prices still high and signs of a cooling job market https://phoenix.advisor.ca/news/economic/u-s-consumer-confidence-wanes-with-prices-still-high-and-signs-of-a-cooling-job-market/ Tue, 29 Aug 2023 16:39:53 +0000 https://www.advisor.ca/?p=230183 The downturn in spending showed up in the earnings reports of many high-profile retailers

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Retail sales edge up 0.1% in June: StatsCan https://phoenix.advisor.ca/news/economic/retail-sales-edge-up-0-1-in-june-statscan/ Wed, 23 Aug 2023 17:16:14 +0000 https://www.advisor.ca/?p=230023 Consumer spending “continued to sputter” as economic growth weakened

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Household debt growth modest in June https://phoenix.advisor.ca/news/economic/household-debt-growth-modest-in-june/ Fri, 18 Aug 2023 17:34:01 +0000 https://www.advisor.ca/?p=229829 HELOC balances decline, cooling credit card and mortgage growth

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Retail sales rose solidly last month in a sign that U.S. consumers are still spending freely https://phoenix.advisor.ca/news/economic/retail-sales-rose-solidly-last-month-in-a-sign-that-u-s-consumers-are-still-spending-freely/ Tue, 15 Aug 2023 16:16:13 +0000 https://www.advisor.ca/?p=229702 But higher interest rates are weighing on economic activities dependent on credit

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