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July 09, 2024 06:00 ET | Source: TransUnion

Nearly Half of Canadians say Household Finances are Worse than Anticipated as Consumer Inflation Concerns Hit Highest Level Since Q2 2022 – TransUnion Study

52% of Canadian consumers surveyed intend to cut discretionary spending as they navigate a high cost of living, with 86% saying inflation is in their top three household financial concerns, reveals...
January 09, 2024 06:00 ET | Source: TransUnion

Nearly One Third of Canadians Expect to Be Unable to Pay their Bills in Full, 33% of Whom Plan to Increase Reliance on Credit to Stay on Top of Bills or Loans – TransUnion Study

57% of participants intend to cut discretionary spending and 22% plan to apply for new or refinance existing credit as Canadians appear to be bracing for continued increases in household cost of...
July 10, 2023 06:00 ET | Source: TransUnion

Bracing for a Possible Recession, 34% of Canadians Build Up Savings, Following a Record High in Stockpiled Savings Through the Pandemic; 54% Cut Discretionary Spending, Reveals TransUnion Study

Q2 2023 TransUnion Canada Consumer Pulse study key findings: Top 3 financial concerns: inflation (47%); increasing house prices (14%); possibility of recession (11%)32% anticipate being unable to pay...
October 12, 2022 06:00 ET | Source: TransUnion

More than Half (55%) of Canadians Surveyed Say Their Incomes Aren’t Keeping Up With Inflation

Q3 2022 TransUnion Canada Consumer Pulse study key findings: 54% reported reducing discretionary spending over the last three months. 61% said their household income remained unchanged over the...
August 09, 2022 05:00 ET | Source: Fraser Institute

Fraser Institute News Release: Health-care costs for typical Canadian family will reach almost $16,000 this year

VANCOUVER, British Columbia, Aug. 09, 2022 (GLOBE NEWSWIRE) -- A typical Canadian family of four will pay an estimated $15,847 for public health-care insurance this year, finds a new study released...
November 17, 2021 08:00 ET | Source: TransUnion

Optimism Remains High Even as Inflation Concerns Grow and Vaccines Play Role in “Great Resignation”

CHICAGO, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Even as inflation concerns rise and vaccines impact some jobs, nearly two in three consumers, particularly those from the youngest generations, are...
September 28, 2021 06:00 ET | Source: TransUnion

Canadians Demonstrate Financial Resiliency, but Remain Cautious about Credit and Spending, Focusing on Paying Down Debt

TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) -- TransUnion’s most recent Consumer Pulse study* shows that Canadian consumers continue to demonstrate resiliency and remain positive about their financial...
August 25, 2021 08:00 ET | Source: TransUnion

Household Incomes Continue to Recover from the Pandemic, Though Recent Rise in COVID-19 Cases Impacting Consumer Sentiment

CHICAGO, Aug. 25, 2021 (GLOBE NEWSWIRE) -- The percentage of consumers who reported their household income is negatively impacted by COVID-19 continued to decline, reaching 30% at the beginning of...
March 16, 2021 08:00 ET | Source: TransUnion

Positive Signs Abound Even as Many Household Incomes Still Negatively Impacted by COVID-19

CHICAGO, March 16, 2021 (GLOBE NEWSWIRE) -- U.S. consumers continue to be negatively impacted one year since the onset of COVID-19, though positive signs were observed in TransUnion’s (NYSE: TRU)...
September 01, 2020 05:00 ET | Source: Fraser Institute

Fraser Institute News Release: Average Canadian family spent 42.6% of annual income on taxes—more than housing, food and clothing combined

TORONTO, Sept. 01, 2020 (GLOBE NEWSWIRE) -- The average Canadian family spent more than 42 per cent of its income on taxes in 2019—more than housing, food and clothing costs combined, finds a new...