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Canadians Spend Despite High Gas Prices | Toronto News
Canadian consumers are spending big despite soaring gas prices, dipping into savings or racking up debt to keep their lifestyles intact. Core retail sales jumped 2.4% in Q2, with essentials and entertainment both rising — hinting at a summer-driven boost in discretionary spending. Even traditionally sluggish categories like clothing and home goods are rebounding, while construction and housing purchases show the first uptick since mid-2025. RBC economists remain cautiously optimistic for the rest of 2026, noting the unemployment rate hit its lowest in two years — but warn that sustained…
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