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US consumers under age 30 and consumers with incomes above US$125,000 a year are less likely to avoid gene-edited foods, according to study involving researchers from North Carolina State University, Iowa State University and US Army Corps of Engineers

Euro area household saving rate rose to 15.0% in Q1 from 14.1% in Q4; household investment rate increased to 10.2% from 9.8%: Eurostat

UK household spending growth in Q1 increased by 0.6% compared to Q4 and by 12.6% when compared to Q1 2021; largest positive contribution to growth was from restaurants and hotels: ONS

US homebuyer affordability mostly unchanged in May as national median mortgage payment applied for increased to US$1,897 from US$1,889 in April; higher home prices, rising mortgage rates led to slowdown in purchase applications: Mortgage Bankers Assn.

CIBC expects Canadian retail sales to slow in coming months, with rotation of demand away from goods and toward services; impact of surging inflation on household disposable incomes to be stronger headwind to sales volumes in Q2 and H2

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