Even before the omicron variant appeared, consumer optimism was being tested by price spikes
The increased spending rate could be well into the double digits relative to last year
The prolonged, profound pandemic experience may have altered consumers for good, researchers suggest
Consumer spending growth slows as incomes drop, BMO reports
Meanwhile, the BoC's latest quarterly report suggests people will spend some of the savings they've amassed
High debt levels and rising rates may keep consumers on the sidelines
Migration to Atlantic Canada could fuel a regional rebound, RBC says
The lower-than-expected reading should ensure the Fed leaves its interest rate unchanged at next week's meeting
Prices have increased a substantial 5.4% compared with a year earlier
Spending is expecting to shift to services from goods through the rest of the year