Canada: Consumer Lifestyles in 2017

THANKS;Jennifer Elster / EURO-MONITOR INTERNATIONAL

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In contrast to recent years, consumer confidence has strengthened based on an improving economy, supporting growth, albeit slow growth, in consumer spending. Rising levels of spending have also been reflected in greater comfort in consumer borrowing, but rising household debt has become a concern. High house prices have discouraged younger consumers from jumping on the property ladder and slowed demand for a wide range of household items. Younger consumers are driving growth in online shopping.CL2017-CA

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