emergencyBreaking NewsKim Tucker Tremblay’s Boston Marathon Run Targets $9,000 for Hopkinton Emergency FundMortgage Rates Dip as Global Tensions Ease, but 'Lock-In' Effect Inhibits RefinancingA three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed marketFundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback DepthStrong corporate earnings and investor skepticism keep markets from collapsing during Middle East crisisKim Tucker Tremblay’s Boston Marathon Run Targets $9,000 for Hopkinton Emergency FundMortgage Rates Dip as Global Tensions Ease, but 'Lock-In' Effect Inhibits RefinancingA three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed marketFundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback DepthStrong corporate earnings and investor skepticism keep markets from collapsing during Middle East crisis
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Home/Briefs/consumer debt
BriefApril 8, 2026 · 10:06 PM

Canadians use credit cards for essentials as grocery spending growth jumps to 70%

A record $131 billion in credit card balances was reached in the fourth quarter of 2025. This growth is driven by a shift in spending patterns. 70% of TD Bank clients' spending growth now comes from groceries and convenience store purchases, up from 40% a year earlier. 75% of Canadians used a credit card for an essential purchase in the past year, a figure that rises from 69% in 2024. This trend is the result of higher living costs.

Wilder Fairchild
consumer debtcost of livinghousehold spending

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