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Nearly half of respondents are reining in spending on travelling, dining out and entertainment

Businessman has no money. Unemployed and bankrupt man looks into his empty wallet. Stress crisis, unemployed businessmen waiting for new job, recession situation and hopelessness (Businessman has no money. Unemployed and bankrupt man looks into his em

Air is coming out of asset values inflated by pandemic supports

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A new survey by the Conference Board of Canada indicates consumer confidence decreased 11.7 points in May

Close-up of payment machine buttons with human hand holding plastic card near by

Inflation and the war in Ukraine may curb consumer spending this year

Inflation

BMO expects a Fed rate hike of 50 bps in May as inflation cuts spending power

Close-up of payment machine buttons with human hand holding plastic card near by

Higher prices and the war in Ukraine contributed to a decline in the six-month outlook

US Capitol Building, Washington DC, USA

The United States annualized GDP growth, at 2.3% in Q3, was better than the original estimate of 2.1%