Our household, along with many others, has drastically reduced spending on everything but food (which has inflated).
Many of us are struggling to keep our businesses alive, or are burning through cash to stay open and pay employees, hoping that things improve Q3/4.
Extraneous spending has been put on hold for a huge amount of small business owners and employees alike.
I know a lot of hourly guys stuck on CERB that only pays their rent. They're going in the hole and cannot afford to spend on anything, even though the desire is there.
To answer your original question...
The pain largely generated by mass economic contraction hitting consumer wallets. We want to buy, and couldn't give a #### about Trudeau's idiocy, but not all of us can.
Many of us are struggling to keep our businesses alive, or are burning through cash to stay open and pay employees, hoping that things improve Q3/4.
Extraneous spending has been put on hold for a huge amount of small business owners and employees alike.
I know a lot of hourly guys stuck on CERB that only pays their rent. They're going in the hole and cannot afford to spend on anything, even though the desire is there.
To answer your original question...
The pain largely generated by mass economic contraction hitting consumer wallets. We want to buy, and couldn't give a #### about Trudeau's idiocy, but not all of us can.