{"id":614663,"date":"2026-04-19T15:14:10","date_gmt":"2026-04-19T15:14:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/614663\/"},"modified":"2026-04-19T15:14:10","modified_gmt":"2026-04-19T15:14:10","slug":"consumer-habits-shifting-amid-economic-anxiety-kamloops-business-owners-say","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/614663\/","title":{"rendered":"Consumer habits shifting amid economic anxiety, Kamloops business owners say"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.cbc.ca\/a\/assets\/texttospeech.svg\" alt=\"Text to Speech Icon\" width=\"44\" height=\"44\"\/><\/p>\n<p>Listen to this article<\/p>\n<p>Estimated 4 minutes<\/p>\n<p>The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.<\/p>\n<p>As the cost of everything from gas to groceries continues to rise, many British Columbians are choosing to be a little more careful about where they park their hard-earned dollars.<\/p>\n<p>In Kamloops, some business owners say the trend is having an effect on their bottom line. <\/p>\n<p>Carine Spiliotakis owns Caffe Motivo in the heart of the city\u2019s downtown.<\/p>\n<p>She said that while the regulars are still coming in, they\u2019re often less willing to pick up a treat to fill out their order. <\/p>\n<p>WATCH | Weak growth forecast for B.C. economy:<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/04\/1776611649_142_default.jpg\"  alt=\"\" class=\"thumbnail\" loading=\"lazy\"\/><\/p>\n<p class=\"video-item-title\">New economic outlook forecasts weak growth for B.C. in 2026<\/p>\n<p>A new report says B.C.&#8217;s economy is expected to grow 1.6 per cent this year, a slight uptick from 2025, but a poor increase as considered by experts. As Tanushi Bhatnagar reports, it is due, in part, to pressures on the province&#8217;s forestry sector.<\/p>\n<p>&#8220;Just being cautious about it, like not just getting whatever they want, kind of thinking about it a little more,\u201d she said. <\/p>\n<p>\u201cThis morning somebody came in and they wanted a coffee and a muffin \u2014 then they thought, \u2018Oh, OK, well maybe I\u2019ll just get the coffee.\u2019\u201d <\/p>\n<p>It\u2019s a trend barber Johanna Marie said she\u2019s noticed as well. <\/p>\n<p>Customers are less willing to splurge on higher-end services, she said, and when they do, visits are fewer and farther between. <\/p>\n<p><img decoding=\"async\" loading=\"lazy\" alt=\"A woman shakes out a bib in a barber shop.\"   src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/04\/1776611649_645_default.jpg\" style=\"aspect-ratio:1.6832264957264957\" data-cy=\"image-img\"\/>Barber Johanna Marie says fewer customers are willing to spend on higher-end services lately. (Shelley Joyce\/CBC)<\/p>\n<p>\u201cIt\u2019s classified as a treat because they are more expensive than an average haircut,\u201d she said. <\/p>\n<p>\u201cPeople used to get haircuts every three weeks. Now it\u2019s turning into a month to every couple of months just because of inflation, prices going up everywhere.\u201d<\/p>\n<p>Carl Arnett, who sells and repairs bikes at Cycle Logic, said people are trying to get more out of the gear they already have. <\/p>\n<p>\u201cPeople are trying to just do what they can with the bikes they have as opposed to shopping around, trying to get every little niche filled,\u201d he said.<\/p>\n<p>\u201cPeople are trying to make their one bike be a more \u2018do it all&#8217; bike.\u201d<\/p>\n<p>WATCH | People spending less amid rising costs, say Kamloops businesses:<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/04\/1776611650_935_default.jpg\"  alt=\"\" class=\"thumbnail\" loading=\"lazy\"\/><\/p>\n<p class=\"video-item-title\">Rising costs impacting discretionary spending, businesses say<\/p>\n<p>Kamloops business owners are changing the way they budget based on consumer anxiety. They say the rising cost of gas and groceries is having a major impact on people&#8217;s lifestyles, including how much they&#8217;re willing to spend on things like pastries and haircuts.<\/p>\n<p>Data from Statistics Canada <a href=\"https:\/\/www.cbc.ca\/news\/canada\/affordability-canada-provinces-factors-9.7126052\" target=\"_blank\" rel=\"nofollow noopener\">suggests British Columbians are paying more to get by than in any other province.<\/a><\/p>\n<p>According to what&#8217;s known as the \u201cmarket basket measure,\u201d a metric that looks at the cost of a basket of goods deemed essential for a \u201cmodest, basic standard of living,\u201d an average B.C. household would need to spend $56,059 per year to live \u201cmodestly.\u201d<\/p>\n<p>The latest data available from the provincial government shows overall inflation eased in February to 1.7 per cent higher than the same month last year. <\/p>\n<p>But key categories, including food (4.5 per cent) and health and personal care (4.4 per cent) saw significant increases. <\/p>\n<p>Dean Prentice, a licensed insolvency trustee with MNP, told CBC News many British Columbians are relying on debt to fuel spending.<\/p>\n<p>\u201cPeople are making the choices on their day-to-day spending, but they&#8217;re still not cutting out or cutting back on larger expenses,\u201d he said. <\/p>\n<p>\u201cCar loans, lines of credit, credit cards, these debt amounts are rising. So people are still using credit and still spending.\u201d<\/p>\n<p>Prentice said MNP&#8217;s latest consumer debt index found 37 per cent of British Columbians said they were $200 away from not being able to pay their bills. <\/p>\n<p>Despite that, Prentice said British Columbians have shown more optimism than other parts of the country like Ontario, which has been battered by auto tariffs.<\/p>\n<p>&#8220;The economy has been a bit more stable, that&#8217;s given people some confidence that it&#8217;s not getting worse,\u201d he said.  <\/p>\n<p>&#8220;They still have their jobs, they still have their income &#8230; they find that they have a little bit more money left at the end of the month.&#8221;  <\/p>\n","protected":false},"excerpt":{"rendered":"Listen to this article Estimated 4 minutes The audio version of this article is generated by AI-based technology.&hellip;\n","protected":false},"author":2,"featured_media":614664,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-614663","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/614663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=614663"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/614663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/614664"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=614663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=614663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=614663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}