{"id":473011,"date":"2026-02-13T19:56:08","date_gmt":"2026-02-13T19:56:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/473011\/"},"modified":"2026-02-13T19:56:08","modified_gmt":"2026-02-13T19:56:08","slug":"canadian-consumer-spending-dipped-in-january-rbc-cardholder-data","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/473011\/","title":{"rendered":"Canadian consumer spending dipped in January &#8211; RBC cardholder data"},"content":{"rendered":"<p data-v-4026719d=\"\">It might be the result of a brutally cold winter so far but Canadian consumer spending dipped in January, according to the <a href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/rbc-consumer-spending-tracker\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" class=\"article-link\" data-v-4026719d=\"\">latest spending tracker<\/a> from RBC.<\/p>\n<p data-v-4026719d=\"\">Using cardholder data, Canada&#8217;s largest bank indicated that spending fell across discretionary goods, services and essentials in the month.<\/p>\n<p data-v-4026719d=\"\">The bank downplayed the decline, noting that it came after a particularly strong December.<\/p>\n<p data-v-4026719d=\"\">December had been an especially strong for goods tied to holiday<br \/>\nshopping, and January largely retraced some of those earlier gains. The<br \/>\nreversal points to a normalization following elevated year-end spending<br \/>\nrather than a sudden deterioration in household demand.<\/p>\n<p data-v-4026719d=\"\">Essentials spending also declined in January, extending softer tone<br \/>\nalready evident from late 2025. By contrast, discretionary services<br \/>\nspending edged lower, but remained the most resilient of the three major<br \/>\n groupings<\/p>\n<p data-v-4026719d=\"\">The bank also cited severe winter weather noting that spending fell in Ontario on peak storm days. Another soft area was housing-related spending in light of the persistent slide in housing prices in much of the country.<\/p>\n<p data-v-4026719d=\"\">RBC demonstrated the storm related dips:<\/p>\n","protected":false},"excerpt":{"rendered":"It might be the result of a brutally cold winter so far but Canadian consumer spending dipped in&hellip;\n","protected":false},"author":2,"featured_media":473012,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-473011","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/473011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=473011"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/473011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/473012"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=473011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=473011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=473011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}