• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

My Newsroom - powered by Martin Charlton Communications

Saskatchewan's Trusted News Source - powered by Martin Charlton Communications

  • Facebook
  • LinkedIn
  • Twitter
  • Home
  • Construction
  • Agriculture
  • Economy
  • Healthcare
  • Engineering
  • Sports
  • Business Blogs
  • About
You are here: Home / Paul Martin Saskatchewan / Canadians’ bank accounts show spending choices changing

MyNewsroom / May 12, 2023

Canadians’ bank accounts show spending choices changing

Here’s a little test that will help you understand if you’re conducting yourself like an ‘average’ Canadian these days or carving out your own path.

The banks have begun to issue what amounts to early indicators of how consumers are handling financial matters – and they do it by tracking the activity in their customers’ accounts and on their cards. Basically, they can track spending pretty closely and virtually in real time which gives us more timely information than waiting for StatsCan to compile all this information.

A case in point is over at RBC where they have determined that retail or consumer spending is moving from discretionary goods to services. While they consider retail spending to be ‘flat’ and likely to slow as higher interest rates work their way through the system, it is showing more signs of life than it did earlier in the year.

The trend shows Canadians heading into summer with plans to travel and to dine out more frequently while goods purchases such as gifts and computer software are falling.

Filed Under: Paul Martin Saskatchewan

MyNewsroom

The latest news in your inbox

Receive email updates from MyNewsroom and Martin Charlton Communications, including daily Paul Martin Commentaries.

Sign up

Primary Sidebar

The latest news in your inbox

Receive email updates from MyNewsroom and Martin Charlton Communications, including daily Paul Martin Commentaries.

Sign up

Featured

US dollar drop benefits Saskatchewan’s global exports

May 23, 2025 By MyNewsroom

The other Canadian super power

May 22, 2025 By MyNewsroom

Drop in inflation is not what it seems

May 21, 2025 By MyNewsroom

Footer

wetellyourstories.ca & mynewsroom.ca powered by
Martin Charlton Communications – Tel: 306 584 1000

Add your stories to mynewsroom

Connect with us

  • Facebook
  • LinkedIn
  • Twitter

© 2025 · mynewsroom.ca