Household spending per person in Canada drops 1.3% in Q2 2024, signaling recession-like pressures.

Sharing is Caring!

Recent data indicates that household spending per person in Canada has indeed been falling at a rate typically observed during recessions. After adjusting for inflation, this measure fell by 1.3% in the second quarter of 2024 compared to the same period the previous year. This decline is significant and highlights the economic pressures Canadian households are currently facing.

See also  U.S. household enthusiasm for stocks often precedes significant market downturns historically.
See also  Welcome to Canada

Sources:

ca.rbcwealthmanagement.com/documents/716795/716811/08.30.2024.pdf/9f6b63a5-3938-4dde-8ced-bd1bd6d7910b

countylocalnews.com/2024/09/05/canada-household-spending-decline-household-spending-in-canada-falling-at-recession-level-pace/

Views: 50

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.