{"id":8121,"date":"2026-03-17T16:22:12","date_gmt":"2026-03-17T16:22:12","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/?p=8121"},"modified":"2026-03-31T19:34:11","modified_gmt":"2026-03-31T19:34:11","slug":"canadian-cardholder-spending-warms-up-despite-discretionary-goods-pullback","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/rbc-consumer-spending-tracker\/canadian-cardholder-spending-warms-up-despite-discretionary-goods-pullback\/","title":{"rendered":"Canadian cardholder spending warms up despite discretionary goods pullback"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel section-tabs full-width is-tabs-style-section-tabs-in-page\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<p><strong>February spending snapshot:<\/strong> RBC Canadian cardholder spending showed modest improvement in February despite&nbsp;consumers continuing to cut back on discretionary goods spending.<\/p>\n\n\n\n<p>Our core retail sales measure on a three-month average remained negative at -0.1%, but marked an improvement from -0.3% (seasonally adjusted), indicating the decline eased in February after weather-related disruptions and post-holiday fatigue weighed on spending in January.<\/p>\n\n\n\n<p>We expect higher oil prices will drive up purchases at gas stations. The impact on other essentials and discretionary spending is less clear as it will depend on how consumers allocate their remaining income, and the extent to which they tap into their savings.<\/p>\n\n\n\n<section class=\"wp-block-rbc-rbc-tabs-block aligncenter  section-tabs full-width tabs-scroll is-style-default\" id=\"Canadian-income-quintiles\" aria-label=\"Section Tabs\"><div class=\"section-inner \"><ul class=\"tab-nav \" role=\"tablist\"><li role=\"presentation\"><a href=\"#section-content-16f2699a\" id=\"section-tab-16f2699a\" role=\"tab\" data-toggle=\"tab\" data-bs-toggle=\"tab\" data-bs-target=\"#section-content-16f2699a\" aria-controls=\"section-content-16f2699a\" aria-selected=\"false\" data-dig-id=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker-8121-16f2699a\" data-dig-category=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker\" data-dig-action=\"tab select\" data-dig-label=\"RBC retail sales\">RBC retail sales<\/a><\/li><li role=\"presentation\"><a href=\"#section-content-2fa9df2f\" id=\"section-tab-2fa9df2f\" role=\"tab\" data-toggle=\"tab\" data-bs-toggle=\"tab\" data-bs-target=\"#section-content-2fa9df2f\" aria-controls=\"section-content-2fa9df2f\" aria-selected=\"false\" data-dig-id=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker-8121-2fa9df2f\" data-dig-category=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker\" data-dig-action=\"tab select\" data-dig-label=\"Essential expenses\">Essential expenses<\/a><\/li><li role=\"presentation\"><a href=\"#section-content-f1fcf787\" id=\"section-tab-f1fcf787\" role=\"tab\" data-toggle=\"tab\" data-bs-toggle=\"tab\" data-bs-target=\"#section-content-f1fcf787\" aria-controls=\"section-content-f1fcf787\" aria-selected=\"false\" data-dig-id=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker-8121-f1fcf787\" data-dig-category=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker\" data-dig-action=\"tab select\" data-dig-label=\"Discretionary goods\">Discretionary goods<\/a><\/li><li role=\"presentation\"><a href=\"#section-content-4a5c4d64\" id=\"section-tab-4a5c4d64\" role=\"tab\" data-toggle=\"tab\" data-bs-toggle=\"tab\" data-bs-target=\"#section-content-4a5c4d64\" aria-controls=\"section-content-4a5c4d64\" aria-selected=\"false\" data-dig-id=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker-8121-4a5c4d64\" data-dig-category=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker\" data-dig-action=\"tab select\" data-dig-label=\"Discretionary services\">Discretionary services<\/a><\/li><li role=\"presentation\"><a href=\"#section-content-1bd3367f\" id=\"section-tab-1bd3367f\" role=\"tab\" data-toggle=\"tab\" data-bs-toggle=\"tab\" data-bs-target=\"#section-content-1bd3367f\" aria-controls=\"section-content-1bd3367f\" aria-selected=\"false\" data-dig-id=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker-8121-1bd3367f\" data-dig-category=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker\" data-dig-action=\"tab select\" data-dig-label=\"Total spending by province\">Total spending by province<\/a><\/li><\/ul><div class=\"tab-ctrl\"><button class=\"tabs-prev hidden\"><span class=\"offscreen\">Go to previous tab<\/span><\/button><button class=\"tabs-next\"><span class=\"offscreen\">Go to next tab<\/span><\/button><\/div><div class=\"tab-content\">\n<div class=\"wp-block-rbc-rbc-tab-content\"><div role=\"tabpanel\" class=\"tab-pane\" aria-labelledby=\"section-tab-16f2699a\" id=\"section-content-16f2699a\" tabindex=\"0\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;69d677c79d162&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"69d677c79d162\" class=\"wp-block-image size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"11232\" height=\"3840\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" 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https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-1-2-.png?resize=2048,700 2048w\" sizes=\"auto, (max-width: 11232px) 100vw, 11232px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-tab-content\"><div role=\"tabpanel\" class=\"tab-pane\" aria-labelledby=\"section-tab-2fa9df2f\" id=\"section-content-2fa9df2f\" tabindex=\"0\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;69d677c79d7a0&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"69d677c79d7a0\" class=\"wp-block-image size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"11232\" height=\"3840\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-2-3.png?quality=80\" alt=\"\" class=\"wp-image-8203\" style=\"width:1171px;height:auto\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-2-3.png 11232w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-2-3.png?resize=300,103 300w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-2-3.png?resize=768,263 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-2-3.png?resize=1024,350 1024w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-2-3.png?resize=1536,525 1536w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-2-3.png?resize=2048,700 2048w\" sizes=\"auto, (max-width: 11232px) 100vw, 11232px\" 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data-wp-context=\"{&quot;imageId&quot;:&quot;69d677c79de34&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"69d677c79de34\" class=\"wp-block-image size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"11232\" height=\"3840\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-3-2-.png?quality=80\" alt=\"\" class=\"wp-image-8204\" style=\"width:1171px;height:auto\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-3-2-.png 11232w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-3-2-.png?resize=300,103 300w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-3-2-.png?resize=768,263 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-3-2-.png?resize=1024,350 1024w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-3-2-.png?resize=1536,525 1536w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-3-2-.png?resize=2048,700 2048w\" sizes=\"auto, (max-width: 11232px) 100vw, 11232px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-tab-content\"><div role=\"tabpanel\" class=\"tab-pane\" aria-labelledby=\"section-tab-4a5c4d64\" id=\"section-content-4a5c4d64\" tabindex=\"0\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;69d677c79e4b3&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"69d677c79e4b3\" class=\"wp-block-image size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"11232\" height=\"3840\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-4-.png?quality=80\" alt=\"\" class=\"wp-image-8177\" style=\"width:1171px;height:auto\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-4-.png 11232w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-4-.png?resize=300,103 300w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-4-.png?resize=768,263 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-4-.png?resize=1024,350 1024w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-4-.png?resize=1536,525 1536w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-4-.png?resize=2048,700 2048w\" sizes=\"auto, (max-width: 11232px) 100vw, 11232px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-rbc-rbc-tab-content\"><div role=\"tabpanel\" class=\"tab-pane\" aria-labelledby=\"section-tab-1bd3367f\" id=\"section-content-1bd3367f\" tabindex=\"0\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;69d677c79ec1a&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"69d677c79ec1a\" class=\"wp-block-image size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"11232\" height=\"3840\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-5-5-.png?quality=80\" alt=\"\" class=\"wp-image-8190\" style=\"width:1171px;height:auto\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-5-5-.png 11232w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-5-5-.png?resize=300,103 300w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-5-5-.png?resize=768,263 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-5-5-.png?resize=1024,350 1024w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-5-5-.png?resize=1536,525 1536w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/CST-Table-Mar-2026-Tab-5-5-.png?resize=2048,700 2048w\" sizes=\"auto, (max-width: 11232px) 100vw, 11232px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n<\/div><\/div>\n<\/div><\/div><\/section>\n\n\n\n<h4 class=\"wp-block-heading mob-mar-t-qtr mar-t-0 pad-t-0 has-rbc-bright-blue-color has-text-color has-link-color wp-elements-a8ca6f9c089538361c34817e1cae5b67\" id=\"h-the-details\">The details:<\/h4>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-chevron-list mar-l-qtr mob-mar-l-qtr\">\n<li class=\"wp-block-rbc-list-item\">\n<p>February\u2019s contraction came entirely from discretionary goods\u2014clothing and related retail segments was among the weakest performers.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Weakness in discretionary goods spending was partially offset by spending growth in discretionary services and essentials. Travel, entertainment and art posted the strongest gains on a three-month average, pointing to continued resilience in experience-related spending.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Spending grew in most provinces on a three-month average following the January slowdown. Ontario, hit particularly hard by winter storms, showed notable recovery in February as conditions moderated.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-rbc-carousel-container is-layout-carousel-carousel is-mobile-per-page-1 is-desktop-per-page-1 default is-style-default\"><div class=\"carousel-wpr top-controls\" data-mobile-per-page=\"1\" aria-label=\"Carousel Container\" data-visible-slide=\"1\" data-infinite-loop=\"true\"><div class=\"carousel-ctrl\"><div class=\"carousel-indicators\"><\/div><button class=\"carousel-prev slick-arrow\" aria-label=\"previous slide\"><\/button><button class=\"carousel-next slick-arrow\" aria-label=\"next slide\"><\/button><\/div><div class=\"col-wpr eh-wpr carousel-inner\">\n<div class=\"wp-block-rbc-carousel-inner carousel-item\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<div id=\"everviz-9Ub9mFHWf\" class=\"everviz-9Ub9mFHWf\" data-view=\"graph\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-carousel-inner carousel-item\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<div id=\"everviz-TUynSzNW4\" class=\"everviz-TUynSzNW4\" data-view=\"graph\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-carousel-inner carousel-item\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<div id=\"everviz-cJOLA_S7-\" class=\"everviz-cJOLA_S7-\" data-view=\"graph\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-carousel-inner carousel-item\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<div id=\"everviz-KfXICkw5V\" class=\"everviz-KfXICkw5V\" data-view=\"graph\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-carousel-inner carousel-item\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<div id=\"everviz-V45D-kdLk\" class=\"everviz-V45D-kdLk\" data-view=\"graph\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-carousel-inner carousel-item\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<div id=\"everviz-lfpYvcL0p\" class=\"everviz-lfpYvcL0p\" data-view=\"graph\"><\/div>\n<\/div>\n<\/div>\n<\/div><\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<p class=\"has-text-align-center\"><strong>About the Authors:<\/strong><\/p>\n\n\n\n<p><em><strong>Rachel Battaglia<\/strong><em>&nbsp;is an economist at RBC, providing forecasts for the Canadian provincial economies and analyzing key trends in housing and consumer spending.<\/em><\/em><\/p>\n\n\n\n<p><em><strong>Abbey Xu<\/strong>&nbsp;is an economist at RBC. She is a member of the macroeconomic analysis group, focusing on macroeconomic forecasting models and providing timely analysis and updates on economic trends.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse441563b8\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse441563b8\" data-dig-id=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker-8121-441563b8\" data-dig-category=\"LP-CanadianAnalysis-RBCConsumerSpendingTracker\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Methodology\"><div>Methodology<\/div><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse441563b8\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p><em>By Carrie Freestone<\/em><\/p>\n\n\n\n<p>RBC\u2019s consumer spending tracking report uses RBC Data &amp; Analytics\u2019 proprietary database of anonymized card transactions by Canadian clients. The data are an accounting of merchant transactions that are divided into various spending categories covering tens of millions of weekly card transactions worth billions of dollars each week. Transactions, both in person and online, are classified into 11 broad spending groups: Dining, Education, Finances, Groceries, Health, Household, Shopping, Transport, Travel, Utilities, and Other. Within each group, the data are further classified: for example, shopping covers merchants classified as clothing stores, hobby shops, electronics stores, and jewelers, among others. We exclude purely financial transactions such as cash advances and insurance from spending.<\/p>\n\n\n\n<p>We examined changes in the value of all transactions in these areas using a 7 day rolling sample starting January 1st of each year that is indexed to pre-covid levels which are calculated as the average spending for the month of February 2020. To examine the impact of seasonal factors, we also show each\u2019s year spending profile which depicts monthly trends in spending. Online spending volumes are estimated based on the presence of an RBC card at the time of the authorization.<\/p>\n\n\n\n<p>Protecting your privacy and safeguarding your personal information is a cornerstone of our organizational ethics and values and will always be one of our highest priorities. The underlying data for this analysis was aggregated based on transaction date, region and merchant category, and cannot be used to identify any individual client or merchant. For additional information please visit&nbsp;<a href=\"https:\/\/www.rbc.com\/privacysecurity\/ca\/index.html\">www.rbc.com\/privacy<\/a>.<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":318,"featured_media":3183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[83,106],"tags":[115,107],"class_list":["post-8121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canadian-analysis","category-rbc-consumer-spending-tracker","tag-canada","tag-consumer-spending"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canadian cardholder spending warms up despite discretionary 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ago","modified":"Updated 1 week ago"},"absolute_dates":{"created":"Posted on March 17, 2026","modified":"Updated on March 31, 2026"},"absolute_dates_time":{"created":"Posted on March 17, 2026 4:22 pm","modified":"Updated on March 31, 2026 7:34 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/8121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/users\/318"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/comments?post=8121"}],"version-history":[{"count":59,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/8121\/revisions"}],"predecessor-version":[{"id":8295,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/posts\/8121\/revisions\/8295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media\/3183"}],"wp:attachment":[{"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/media?parent=8121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/categories?post=8121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbc.com\/en\/economics\/wp-json\/wp\/v2\/tags?post=8121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}