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Canadian consumers near spending peak as wages lag inflation
Canadians face slower wage growth than inflation and rising debt as consumer spending cools. Car sales slip, retailers pull back, and real estate stalls amid a predicted U.S. downturn and a cautious path forward. Experts warn of a broader retail slowdown into 1988 with durable goods and housing sectors hardest hit. A recovery may come around 1990 or the following year.
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Canada
U.S
Woods Gordon
Ontario