Half (51%) of Cardholders Indicate that they Will Spend Less on Credit Cards over the Next Six Months. One Quarter (24%) Say ‘Much Less’

The economic downturn appears to be impacting the way Canadians use their credit cards

Tuesday, April 28, 2009

Toronto, ON – It appears that when it comes to credit cards, many Canadians are cutting back. According to a new study conducted by Ipsos Reid, the impact of the economic recession is causing many Canadians to reconsider how they use their credit cards.

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Half (51%) of Cardholders Indicate that they Will Spend Less on Credit Cards over the Next Six Months. One Quarter (24%) Say ‘Much Less’

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SeanSimpson Sean Simpson
Research Manager
Ipsos Reid
Work+1.416.572.4474