Nearly two-thirds of Canadians say higher borrowing costs are squeezing their pocketbooks, a result that’s at odds with a recent rebound in household consumption. Some 64% of Canadians say higher interest rates are having a negative or somewhat negative impact on their personal spending, according to a Nanos Research Group survey conducted for Bloomberg News. Another 28% said there was no impact, while 6% said the impact was positive. The survey may raise questions about why a spending slowdown hasn’t yet shown up in the data. Recent gross domestic figures showed household consumption rebounded in the first quarter, ... (full story)