Canadians spending on travel and services but cutting back on restaurants, goods: RBC

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Consumer spending is one of several economic data points that has remained resilient despite persistent inflation and rising interest rates

The unemployment rate held steady for the fourth straight month, while average wage growth remained strong at 5.3%.MOSCOW — The ruble fell against the U.S. dollar in Thursday trading to the value it held just before Russia sent troops into Ukraine more than a year ago. The rate of 81.375 to the dollar at the end of the day continued a slow but steady decline that began in mid-January.

The rAccording to IPSOS polling conducted exclusively for Global News, even though housing prices have seen a bit of a dip across Canada in the past year, 6 in 10 Canadians who don't own a home have completely given up on buying one while 7 in 10 say owning a home is now only for the rich.Two Native Hawaiian men sentenced to prison for a hate crime in the brutal beating of a white man have agreed to pay more than $25,000 in restitution, according to court documents. A U.S.

 

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Canadians continuing to spend on travel and services but cutting back on restaurants, goods: RBCRBC’s latest tracker found that while overall spending was steady in March, there were some signs of weakness in goods spending, mirroring a pullback in auto sales Maybe because going outside Canada is cheaper than in. Gotta eat when you travel I I guess people travel to eat out just to avoid paying tips at Canadian restaurants
Source: globeandmail - 🏆 5. / 92 Read more »

Canadians spending on travel and services but cutting back on restaurants, goods: RBCRBC says Canadians are continuing to spend on holidays and non\u002Dessential services, but are cutting back on restaurants and goods.
Source: calgarysun - 🏆 63. / 52 Read more »

Canadians spending on travel and services but cutting back on restaurants, goods: RBC - BNN BloombergCanadians 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. One survey that is probably 💯 accurate! This is exactly true for me. I even told the kids that if they wanted to go to Hawaii (somehow it’s their obsession..?), then we need to stop wasting my money going to restaurants & buying useless toys & things altogether
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Canadians spending on travel and services but cutting back on restaurants, goods: RBCCanadians 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. Restaurants are gouging with the mandatory large tipping. l am only spending on wine , cigarettes and hookers . Restaurants. Prices/Tipping ⬆️ Quality/Portions/Service⬇️
Source: CP24 - 🏆 30. / 67 Read more »