ICS follows similar seasonal trends in Q1 2024 but averages higher year-over-year
A weakening labour market is expected to apply downward pressure on consumer spending
Read MoreA weakening labour market is expected to apply downward pressure on consumer spending
Read MoreAs part of our latest partnership with the Conference Board of Canada we are pleased to present the following authoritative insights from their Index of Consumer Spending (ICS) which has been Powered by Moneris® Data Services.
Retail Council of Canada (RCC) and Moneris Data Services have teamed up to provide the retail industry with Canadian credit and debit spending data and consumer insights that will help the industry more easily identify consumer behaviour and spending trends at the national and provincial levels.
In partnership with Moneris® Data Services, the Angus Reid Group conducted an online survey among a representative sample of n=1,508 adult Canadians.
Let’s look at some Moneris data to understand the consumer spending trends this Valentine’s Day.
Higher Interest Rates Have Induced a Change in Consumer Spending Behaviour
Al'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.
Sustainability has become more than just a topic of conversation for school projects, college assignments and office-led initiatives. People are eager to bring this into practice and be catalysts for change.
Did you buy a bottle of pop and feel it was five sips less? Or a pack of spaghetti that had one less serving? No, you’re not imagining it, shrinkflation IS real.