Consumer spending to soften in second half of 2023, says Canadian Chamber of Commerce

Consumer spending to soften in second half of 2023, says Canadian Chamber of Commerce

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OTTAWA - While consumer spending remained strong in the second quarter, it turned a corner after the Bank of Canada ended its pause on interest rate hikes, the Canadian Chamber of Commerce said. Consumer spending will likely slow noticeably in the second half of the year as people cut back on…

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