Troy Media – by Mark Milke If you were faced with bills that outstripped your ability to pay, a top priority probably wouldn’t be donating scarce dollars to corporations. However, unlike average families, governments routinely do just that, but with tax dollars.
Canadians have good intentions to reform their financial habits in the near future, but most don’t have any savings set aside for a rainy day, and three-in-ten report they dipped into their savings to help pay for every day expenses or an emergency.
According to the RBC Canadian Consumer Outlook Index, Canadians are delaying vacation plans, shopping around for groceries, following their budget more closely and holding onto their older vehicles, thanks to rising gas and food prices.
Fast food saw the greatest increase of 11.25 percent in dollars spent by Canadian consumers Moneris Solutions announced recently that the Canadian retail economy saw a 3.8 percent increase across the country in consumer spending, compared to the same period last year and surpassing the first quarter of 2011.