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Consumer
July 25, 2024
TD Credit and Debit Card Spend Report Summertime, and the Shoppin’ Ain’t Easy
TD credit and debit card transactions remained relatively weak in May and June, reflecting a somewhat subdued start to the summer season. Growth on a year-on-year basis did accelerate sharply from 5.6% in May to 12% in June, but this was largely due to base effects from the previous year’s June weakness .