in June suggests that another rate hike at the Bank of Canada’s meeting next week is nailed on,” Olivia Cross of Capital Economics said Friday.will just increase.
“Even if households are curbing discretionary expenses and spending more cautiously, many households have reached a point where there is nothing left to cut back on. They’ve already switched to the cheapest options at the grocery store and trimmed their entertainment costs — yet they still find themselves struggling with essential financial obligations like their mortgage or rent and putting food on the table,” said Bazian.
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