Canadian consumer spending up 4.19 per cent in the fourth quarter of 2016

Posted on by

TORONTO, Jan. 19, 2017 /CNW/ – Consumer spending in Canada grew by 4.19 per cent in the fourth quarter of 2016 on a year-over-year basis, according to the MonerisMetrics Quarterly Report released by Moneris Solutions Corporation (“Moneris”), one of Canada’s largest processors of debit and credit payments. Following spending growth of 6.24 per cent in Q1, 5.53 per cent in Q2 and 4.77 per cent in Q3, the percentage of growth continued to shrink in Q4, ending the year with a positive, but comparatively smaller increase.

Read more: http://tinyurl.com/zr435xu