The best clue we have is from the RBC report on its card data.
The data showed that overall spending edged lower in March but the bank warned that cardholder data doesn't capture auto sales, which other data sets indicated were strong. Their overall index fell to 152.3 from 152.5.
Canadian consumer confidence plunged to a record low, but that crater wasn’t mirrored in our cardholder spending data—at least not by the same magnitude.
Within the data, RBC notes that goods spending is weak but services data is resilient and that's backed up by restaurant reservation data from OpenTable, which was 18% above year-ago levels at the end of March into early April.
This article was written by Adam Button at www.forexlive.com. Read More Details
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