During the period of November 27 - December 17, 2012, the amount of dollars spent online jumped by 16.89 per cent, compared to the November 29 - December 19, 2011 period, with apparel leading the growth (with a 32.70 per cent increase in spending). Additionally, Canadians continued to embrace the spirit of giving to the less fortunate during this period, with an increase in charitable donations of 6.7 per cent.Regionally, Alberta showed the strongest growth in the fourth quarter, with an increase in spending of 6.45 per cent, compared to last year, followed closely by Newfoundland, at 6.42 per cent. Saskatchewan, Quebec and Ontario experienced moderate growth, with increases in spending of 4.35 per cent, 3.2 per cent and 2.66 per cent, respectively. Prince Edward Island showed the slowest growth in the country, ending the quarter with a 1.01 per cent increase in spending.
Q4 2012: Canadian Consumer Spending Continued To Grow
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.