Population growth is propping up consumer spending numbers
The resilience of Canadian consumers has surprised economists and confounded central bankers. Their ability to keep spending, despite higher interest rates, forced the Bank of Canada to resume hiking rates in June. But is population growth propping up those consumer spending numbers? The country is growing at historically strong rates – by more than 1.2 million people over the past year alone.
come at a crucial point for the central bank and economists have upped their bets on another quarter-point rate hike on Sept. 6.Quebec produces 31 per cent of the pork in Canada, the most of any province. The industry is currently facing a financial crisis as global demand for pork is down and production prices are up. In fact, Canadian pork producers are being compelled to initiate a industrial overhaul and kick off a new chapter.
, and The Eras Tour is the perfect venue. First, you should have a basic financial plan in place. Second, dedicate a “splurge budget” for spending beyond your weekly and monthly costs for restaurants, bars, clubs, movies, etc. Lastly, “some degree of restraint is important,” he writes, but we all deserve to go over the top once in a while.
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