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Canadian consumer trends point to inflation risk and real estate debate
A Canadian business column argues retail sales dip after a car-led rise, while overall savings collapse from 18 percent to 9.6 percent over five years. Discretionary savings near 1 percent signal consumer caution, hinting at higher inflation unless the Bank of Canada raises rates. It also notes protests over real estate commissions amid volatile housing markets.
MENTIONED IN THIS ARTICLE
Canada
Frank Clayton
Feds
Finance Department
Toronto
Bank of Canada