Canadians are continuing to spend on holidays and non-essential services, but are cutting back on restaurants and goods, according to the findings in a new report from Royal Bank of Canada.
Auto sales in March were up 3.7 per cent, according to DesRosiers Automotive Consultants Inc., but the seasonally adjusted rate of sales was 1.59 million, lower than the first two months of the year where that measure was around 1.7 million. RBC’s spending tracker shows that while spending on goods is slipping, spending on non-essential services is still strong.
The central bank paused rate hikes at its most recent meeting in order to let their effects work through the economy.
Why travel outside of Canada or by plane. I hear horror story after horror story. There is no need to leave Canada. Remember, no disease has ever originated in Canada. We have a beautiful country to see by car or train.
35$ for a pizza, nope, no .. just no. It's def not required. Sorry but many restaurants will continue to shut down in the comming months. It's just not profitable anymore and nobody wants to work in the kitchen at minimum wage.
Food courts and takeout to avoid tipping. Or prepared food at grocery stores.
The rich can afford travel. Everyone else is eating KD
It’s the tipping. You go to a restaurant for a good time, but the tipping has gone insane. I couldn't bother going anymore; I used to go 3-4 times a week.
'Canadians continuing to spend on travel and services but cutting back on restaurants, goods: RBC' Is there any indication of where the travellers are eating other than the breakfast included with the hotel room?
I I guess people travel to eat out just to avoid paying tips at Canadian restaurants
Travel Observation: Spent last 9 weeks in 6 western US states. DRINKS ARE STUPID EXPENSIVE IN BARS AND RESTAURANTS !!!! Please have California governor perform an inquiry into profit margins on 🍺 🍷🥃
Gotta eat when you travel
Maybe because going outside Canada is cheaper than in.
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