The Index of Consumer Spending surges in the second quarter of 2024
ICS surged in the second quarter on the back of a long-awaited interest rate cut and strong population and employment growth.
Read MoreICS surged in the second quarter on the back of a long-awaited interest rate cut and strong population and employment growth.
Read MoreAs retailers turn their minds to 2024, almost all retailers were flat-to-up in terms of Year-Over-Year sales, encouraged by the estimated $ 30 billion in spending by the 1.5 million new Canadians as they get settled across Canada.
As 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.
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
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 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.
In partnership with Moneris® Data Services, the Angus Reid Group conducted an online survey among a representative sample size of 1,515 adult Canadians to characterize their spend behaviours in response to economic influences.
As 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.
Gasoline prices have skyrocketed in the last couple of months and refuse to go down, peaking at over $1.80 per litre in early March. But how did this increase impact consumer spending?