Ontarians the biggest spenders in the country this holiday season, according
to RBC Canadian Consumer Outlook
Half of Ontarians are still planning to spend less this holiday season
"Although Ontarians are concerned about jobs, their optimism about a recovery over the next year may be helping to dispel concerns about holiday spending," said
The report also measures Canadians' perception of current conditions compared to three months ago, as well as short term (three month) prospects for their personal finances, their job anxiety and a number of other factors. Provincial highlights include:
- Job Anxiety: Job anxiety in Ontario is high at 29 per cent (tied with B.C.), and sits at two points above the national average of 27 per cent. - Personal Financial Situation (Overall): Four in ten Ontarians (40 per cent) think that their personal financial situation is worse than it was three months ago, virtually on par with the national average (39 per cent). Similarly, more than one in four Ontarians (27 per cent) think that their personal financial situation will improve in the next three months, the same rate as seen nationally. They also reflect the national mood in being more optimistic in the longer term, with nearly four in ten Ontarians (38 per cent) expecting their personal economic situation to improve over the next year.
"Talk of the U.S. economy emerging from recession and strengthening asset markets are boosting sentiment after a very poor first half of the year," said
About The RBC Monthly Canadian Consumer Outlook Index
The RBC Monthly Canadian Consumer Outlook Index was established on
For further information: Rina Cortese, RBC Corporate Communications, (416) 974-6970; Stephanie Lu, RBC Media Relations, (416) 974-5506
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