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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

BETTER DWELLING: Canadian Consumer Spending Intentions Lag Global Peers

A wise person once said, one person’s spending is another person’s income. Households spending money means more potential revenue for suppliers and workers. That translates into higher wages, more jobs, and generally more opportunity. A contraction does the opposite—less money, lower wages, fewer jobs, less opportunity
 


Canada’s uneventful, but huge debt and frothy shelter costs, may finally come home to roost. Credit rating-giant Transunion released the results of its Q3 2023 Consumer Pulse Survey. 

 

Amongst the insights was the share of households expecting to consume more, revealing how a country stacks up to its peers. When it comes to households spending more, Canada ranked dead last in most categories. This may mark the end of the spending boom, as households tighten budgets at a rate higher than our global peers ...


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