Atlantic Canadians most likely to spend less this holiday season but are the
most optimistic about their finances, according to RBC Canadian Consumer
Outlook
Rate of gift giving highest in Atlantic
"Our new index suggests that it takes much more than a recession to dampen the spirit of Atlantic
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. Regional highlights include:
- Job Anxiety: One quarter of Atlantic Canadians (24 per cent) are concerned about losing their job or being laid off, compared to the national average of 27 per cent. - Personal Financial Situation (Overall): Atlantic Canadians are least likely to say that their own financial situation has worsened in the last three months, compared to the national average of 39 per cent. They are also the most optimistic that their personal financial situation will improve in the next three months, with 35 per cent expecting improvement, compared to the national average of 27 per cent. In the longer term, Atlantic Canadians are also most likely to expect their personal economic situation to improve over the next year (45 per cent compared to 38 per cent nationally).
"The recession in Eastern
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
Share this article