加拿大的耐受力支出掩盖了低收入住户储蓄的脆弱程度,促使CIBC警告可能维持利率。 Canada’s spending resilience masks fragility as low-income households drain savings, prompting CIBC to warn of potential rate hold.

CIBC警告加拿大消费支出分布均匀 — — 与美国K形模式不同 — — 可能意味着经济脆弱,因为低收入家庭依赖可能不可持续的储蓄。 CIBC warns Canada’s evenly distributed consumer spending—unlike the U.S.’s K-shaped pattern—may signal economic fragility, as lower-income households rely on savings that could be unsustainable. 尽管就业增长强劲,但随着越来越多的人进入劳动力市场,失业率在12月上升到6.8%。 Despite strong job growth, unemployment rose to 6.8% in December as more people entered the labor market. 高住房成本、股票市场停滞以及高收入者对利率的敏感度正在抑制支出。 High housing costs, stagnant stock markets, and interest-rate sensitivity among high-income earners are dampening spending. CIBC的Andrew Grantham指出,增长疲软和通货膨胀抑制可能会阻止加拿大银行在年终前提高利率,除非即将到来的收入和消费数据显示出变化。 CIBC’s Andrew Grantham says weak growth and subdued inflation may prevent the Bank of Canada from raising rates before year-end unless upcoming income and consumption data show a shift.