What on Earth is going on with consumer spending?
The Decibel
00:00
The Bank of Canada's Response to the Compounding Effect of Consumer Spending
The Bank of Canada is set to announce whether it's raising rates or not this week on Wednesday. If rates go up even further, you're going to see people with variable rate mortgages feeling that pain. Retailers have sent signals that they're expecting more promotional intensity in the market.
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