Exclusive commentary from the Index of Consumer Spending presents how Canadians chose to spend leading up to and during the holiday season as interest rates changed in the final quarter of 2024. Read on to find out more.
Read MoreICS surged in the second quarter on the back of a long-awaited interest rate cut and strong population and employment growth.
The following commentary is an excerpt of the report covering the period of December 2023-February 2024.
A weakening labour market is expected to apply downward pressure on consumer spending
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.
As 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.
In partnership with Moneris® Data Services, the Angus Reid Group conducted an online survey among a representative sample of n=1,508 adult Canadians.
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.
This Spring 2023 report is our first edition where retailers do not have to report unusual COVID-era year-over-year numbers and parse out the signal from the noise or compare to extraordinary pandemic shopping numbers.
