Fueling not cooling a recession
A new Yahoo Canada/Maru Public Opinion survey released today finds a majority (68%) of Canadians believe the country is headed towards a recession, and most (56%) feel the central bank’s interest rate hikes will fuel, not cool, a recession.
With food (86%) and gasoline (82%) at the top of a long list of potentially month-over-month cost-sensitive items and activities that were tested; a majority (56%) of Canadians are now on a consumer diet having set stricter priorities and reduced spending in the past month due to high inflationary prices.