Posted AT 7:14 PM EST on 20/08/08
The price-conscious find stores not so welcoming
OTTAWA — Rising prices are eroding Canadians' inclination to shop, forcing consumers to spend more on gas and food and less on many discretionary items, new figures show.
But inflation may well have already peaked this summer, giving consumers a break in the months to come, economists say.
"We're already starting to see a bit of relief in terms of gas prices," said David Wolf, chief economist at Merrill Lynch Canada.
The full text of this article has 627 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -864.41 | 8,406.21 |
| DJIA | -679.95 | 8,149.09 |
| S&P 500 | -80.03 | 816.21 |
| Nasdaq | -137.50 | 1,398.07 |
| Stock Profile | Sponsored by: |
|---|---|
 |
Bond yields sinking at 'remarkable' speed
Plus: The close: Investors look down
-
Video:
The moment has arrived
|
Technology 
- Finding the perfect gadget
- Need a present for mom, dad, son, daughter, friend, colleague?
MOST POPULAR
Most Popular
| Rank | Headline |
|---|---|
| 1. | Stocks plunge in broad selloff 4:22 PM
|
| 2. | The world of work in 2018 2:21 PM
|
| 3. | Ford puts Volvo up for sale 11:38 AM
|
| 4. | U.S. recession began a year ago 12:59 PM
|
| 5. | Canadian economy expands 1.3% 10:21 AM
|
| 6. | Fresnillo to bid for rest of MAG Silver 7:08 PM
|
| 7. | U.S. ignored warning to tighten lending rules 10:38 AM
|
| 8. | Godfrey to head National Post 5:36 PM
|
| 9. | Oil drops below $50 a barrel 3:23 PM
|
| 10. | JPMorgan cutting 9,200 WaMu jobs 4:02 PM
|
134Monday Manager
- Harvey Schachter Leadership lessons from the gridiron
- Plus: Finish 2008 impeccably
ROB Magazine
- Scammed
- Everyone mourned the death of financial adviser Rae Cowan—until they found out all their money was gone
Oxford Analytica
- Arab economies to grow despite setbacks
- Prospects are dented, but positive
Business Incubator
- Collaring Christmas shoppers' cash
- High-end Halifax pet boutique needs to entice recession-wary consumers to spend
The Law Page
- Turning to the Supremes
- Canada's top court asked to hear a case that has implications for the 50-year-old New York Convention
BARRIE McKENNAU.S. recession began a year ago
JUDITH MAXWELLWith the right skills, a community can lead its own recovery
ERIC REGULYOil's unlikely alliances likely unnecessary