Amid rising interest rates and economic uncertainty, Canadian consumers appear to be bracing themselves for a downturn in 2023, with many planning to reduce spending or delay large purchases, according to a new survey.
A survey released Tuesday from Canadian legal and administrative software company Dye & Durham Ltd. found that 30 per cent of respondents believe Canada is already in a recession. It also revealed that 53 per cent of people surveyed believe Canada is imminently entering a recession. Just under half of the respondents, 48 per cent, said they do not believe the Bank of Canada’s interest rate hikes are having a cooling effect on inflation.
“The knock-on effect that this is likely to have on the businesses and professionals that rely on consumer spending and real estate transactions in 2023 is significant,” Vallance said. Those looking to sell real estate also appear to be expecting a downturn. Forty-seven per cent of those surveyed said they plan to delay a major purchase or real estate transaction over the next year due to heightened interest rates, the release said.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Koreas exchange warning shots along sea border amid tensionsThe rival Koreas exchanged warning shots along their disputed western sea boundary on Monday, their militaries said, amid heightened animosities over North Korea’s recent barrage of weapons tests.
اقرأ أكثر »
Koreas exchange warning shots along sea border amid tensionsSEOUL, South Korea (AP) — The rival Koreas exchanged warning shots along their disputed western sea boundary on Monday, their militaries said, amid heightened…
اقرأ أكثر »
Brampton calls for more staff ahead of municipal election amid 'unprecedented' resignationsThe City of Brampton says it is “well prepared” for Monday’s municipal elections, despite a morning callout for staff due to an “unprecedented number of public and staff election worker resignations and training no-shows.”
اقرأ أكثر »
Competition watchdog to probe grocery sector amid inflation concernsCanada\u0027s grocers face scrutiny from the Competition Bureau amid concerns that supermarket giants took advantage of the inflation crisis.
اقرأ أكثر »
Competition watchdog to probe grocery sector amid rising food pricesCanada\u0027s grocers face scrutiny from the Competition Bureau amid concerns that supermarket giants took advantage of the inflation crisis.
اقرأ أكثر »
Vancouver Island Regional Library seeks feedback on operations amid 'changing expectations'Through the fall, Vancouver Island Regional Library is running community workshops, focus groups and an online survey to collect input on the direction of the library system over the next five years.
اقرأ أكثر »