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.
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.
When the province entered Phase 1 of its reopening plan on June 11, 2021, Ontarians spent the weekend dining at patios, attending outdoor fitness classes, shopping at non-essential retailers, and making trips to wine country and cottage country.
Forecasts based on previous observations assume that the past holds the key to the future, and that nothing else is required.
From contactless payments to emerging categories, businesses and consumers alike were able to adapt to our new normal in some surprising ways.
If you’re currently selling a product or service online that might appeal to shoppers outside of Canada, it’s time to start thinking about scaling your business globally.