Interest rates driving Canadians to pinch pennies. Is rate relief on the way? - Toronto Star

Consumers continue to tighten their belts and spend less amid higher interest rates, the Bank of Canada reported Monday, which some economists say could lead to interest rate cuts as early as the first half of this year.

The central bank's fourth-quarter consumer and business outlook survey shows roughly two-thirds of consumers said they were reducing spending or planning to do so due to interest rates and inflation. 

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2024-01-16 10:00:00Z
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