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Q1 2024 North America Market Report
INDUSTRIAL OVERVIEW: POLICY AND MARKET PRESSURES SHAPE INDUSTRIAL GROWTH Interest rate hikes by central banks aiming to tame inflation and tenants battling supply-chain and other issues continue to slow industrial demand across the United States and Canada. One difference between the two neighbors, though, is consumer behavior on discretionary spending. When Canadians shut their wallets as the Bank of Canada began raising rates in 2022, the buying habits of U.S. households hardly changed. The Commerce…