RCC Insights- Merchants Reported a Solid December, a Weak January, and an Improving February
The following commentary is an excerpt of the report covering the period of December 2023-February 2024.
Read MoreThe following commentary is an excerpt of the report covering the period of December 2023-February 2024.
Read MoreAl's conversation with Sohaib Shahid Director, Economic Innovation, The Conference Board of Canada
Many fans across Canada either tuned in at home or turned out to celebrate at bars and restaurants. Moneris Data shows that for all of Canada, bar and restaurant spend was up over 10%.
As part of our latest partnership with the Retail Council of Canada (RCC) we are pleased to present this excerpt of their latest retail sentiment report, which has been Powered by Moneris® Data Services.
Step 3 of British Columbia’s reopening began July 1, 2021 kicking off a long weekend of spending on local travel throughout the province.
Step 2 of Ontario’s reopening plan kicked off on June 30, 2021 leading to line-ups for haircuts and a rise in spending on local travel and entertainment categories for the long weekend.
There was a moderate increase at restaurants with the return of indoor dining but tourist attractions, recreational sports leagues, and gyms were where Ontarians spent the most money.
The Montreal Canadiens may not have brought home the cup, but that didn’t stop fans from filling theirs at their favourite watering holes across the province as they cheered on their Habs.
The Calgary Stampede corresponded with easing restrictions across the province that helped everyone from retailers to restaurant owners take advantage of the crowds, resulting in some positive spend trends.
From amusement park fun to the return of travel plans, Canadian shoppers and business owners both had something to celebrate during this reopening weekend.
As Quebec began its first retail reopening phase on June 7, Quebecers resumed their consumption habits with their favorite local businesses.