Mastercard has released a new survey on spending trends for 2026, offering a glimpse into how Canadians are managing their finances in a changing economic landscape. The survey reveals key shifts in consumer behavior, including increased spending on travel and dining out, while retail purchases see a cautious uptick. As inflation moderates, many Canadians are prioritizing experiences over goods, with travel bookings rising by 15% compared to last year. Dining out has also rebounded, with a 12% increase in restaurant spending. However, essentials like groceries and housing continue to dominate budgets. The survey underscores a growing preference for digital payments, with contactless transactions up 20%. Mastercard's data suggests that Canadians are adapting to economic pressures by seeking value and convenience, a trend expected to shape the retail sector throughout 2026.
