How Recent Changes in Consumer Spending Behaviour Could Impact Regional Economic Development Plans Across Canada

Consumer spending continues to be a hot topic of discussion as Canadian consumers and merchants navigate uncertain economic times. Shifts in consumer spending behaviour can be difficult to anticipate in times like these. That’s why economic development professionals are looking for early indicators that can help guide strategy and support decision-making.

Data-driven decision-making has played a crucial role in helping cities and municipalities overcome various challenges. A data-driven focus can help extract insights, allocate resources effectively, and keep up with your region’s changing economic development needs. 

Through data, we’re driving efforts to strengthen communities and explore the following areas:

• Adapt to changes in current economic conditions
• Identify where residents live and where they like to shop
• Apply regional and national insights to assist in making decisions related to business development and public policy

Sean McCormick, Vice President of Business Development, Moneris Data Services, will share Moneris spending data from key consumer spending categories, including apparel, grocery and more. Sean will also highlight how major events are impacting consumer spending and discuss how businesses can adapt to the quickly changing economic climate, leveraging data and insights to anticipate shifts and enhance consumer engagement.