Canada Data Agency Faces Blowback Over Plan to Collect Bank Records

Statistics Canada says it needs personal banking information to improve accuracy and timeliness of economic indexes as transactions move online

OTTAWA—Canada’s national statistics agency is under attack from lawmakers, privacy advocates and the public over a plan to collect citizens’ detailed banking information to help it generate better data.

Statistics Canada proposes accessing banking records for 500,000 randomly selected Canadian households and stripping out identifying information. The agency says it needs the records to improve the accuracy and timeliness of its data on spending patterns as more transactions move online and fewer people respond to traditional...