RBC Report: Canadian Consumer Spending Remains Resilient in May
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RBC Report: Canadian Consumer Spending Remains Resilient in May
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By Abbey Xu
Despite a slowdown in economic growth, Canadian consumer spending continued to show strength in May, building on the positive trend observed in April. The latest data highlights a steady demand among consumers, reflecting resilience in the face of cooling economic conditions.
- Spending trends remain robust through spring months
- Consumer confidence holds firm despite economic challenges
- Insights from RBC’s latest consumer spending tracker