TORONTO, Jan. 28, 2016 /CNW/ – Consumer spending in Canada grew by 5.49 per cent in the fourth quarter of 2015 on a year-over-year basis, according to the MonerisMetrics Quarterly Report released by Moneris Solutions Corporation (“Moneris”), one of North America’s largest processors of debit and credit payments. Growth in the final quarter of the year was consistent with the increases seen in the first three quarters – of 5.78 per cent, 6.08 per cent and 6.68 per cent, respectively – marking 2015 as a year of steady spending growth.

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Investment plans of small and medium-sized businesses are stable amid economic uncertainty, focus on growth and productivity.

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TORONTO, Jan. 28, 2016 /CNW/ – Anemic job growth, trouble in the oil patch and a fragile resource sector have led to a winter of discontent for the Canadian economy, as this year’s real GDP growth is likely to come in at 1.3 per cent according to a revised economic forecast from CIBC World Markets.

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