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

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RBC says Canadians are continuing to spend on holidays and non\u002Dessential services, but are cutting back on restaurants and goods.

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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.

 

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