Quebecers brace for tighter budgets as cost pressures rise in 2026
Posted January 14, 2026 9:11 am.
Last Updated January 14, 2026 12:40 pm.
2026 has barely begun, but many Quebecers say they are preparing for another year of financial strain as inflation and economic uncertainty weigh on household budgets.
More than half of Quebecers, 56 per cent, plan to reduce their spending this year, up sharply from 44 per cent in 2025, according to a new TD survey released today. Inflation and the cost of living top the list of concerns for 68 per cent of respondents, also a significant increase from last year.
Worries are growing across several fronts. About 35 per cent say they are concerned about covering day-to-day expenses, nearly triple last year’s level. Concerns about being unable to save or invest have climbed to 18 per cent, while 17 per cent cite high interest rates as a source of stress.
Despite mounting pressures, Quebecers remain less likely than others in Canada to take steps that could boost income or strengthen financial resilience. Only 14 per cent report having a side hustle or using savings tools, and just 28 per cent say they have a financial plan for 2026, the lowest rate in the country.
Instead, most are focusing on cutting costs. Common strategies include eating out less, making fewer retail purchases, spending less on entertainment, and switching to store-brand products.
Still, there is a strong desire to support the local economy. Nearly two-thirds of Quebecers say they are more inclined to buy local this year, prioritizing Canadian-made products, local small businesses and brands that employ Canadians.
The survey suggests Quebecers are entering 2026 with a cautious outlook, balancing tighter spending with a desire to weather continued economic uncertainty while supporting businesses closer to home.
