Breaking News:

This is some breaking news!

  • B.C. spending way up in third quarter of 2017

    The number are out and they show that B.C. spent some serious cash this summer.

    Moneris released it’s third quarter Canadian spending report on Thursday morning, which showed that Canadian spending rose 5.05% on a year-over-year basis.

    Leading the way in that regards was B.C., where spending increased 6.32% since the same period last year.

    Photo Credit: Moneris

    That was the highest increase across Canada by a good amount, as Manitoba and Ontario demonstrated the second highest increases at 5.62%.

    The highest growth for B.C. came on hotels, where spending increased more than 10% compared to the third quarter of 2016.

    Household items and spending at restaurants weren’t far behind with 8.91% and 8.38% increases respectively.

    Spending on groceries and alcohol, as well as at drug stores, also saw significant growth on a year-over-year basis.

    Photo Credit: Moneris

    Moneris’ spending report showed a couple of interesting trends as well.

    One of those trends is that summer spending from foreign visitors to Canada was up 12.16% since the summer of 2016, something B.C. didn’t see as much of due to major flooding and wildfires.

    Also showing major growth was contactless payments, which continue to surge as tapping to pay becomes more and more common.

    Compared to the same period in 2016, contactless payment increased by an astonishing 51.53% in 2017.

If you appreciate what we do, we ask that you consider supporting our local independent news platform.

AD/15020739/nowmedia_sidebar_weather
Sunday August 30
High 19°c, Low 9°c
Monday August 31
High 25°c, Low 12°c
Tuesday September 1
High 28°c, Low 14°c
Wednesday September 2
High 23°c, Low 14°c
Thursday September 3
High 21°c, Low 13°c
Friday September 4
High 22°c
Saturday September 5
High 18°c, Low 11°c
AD/15020739/nowmedia_sidebar_weather

Latest Livestream

AD/15020739/nowmedia_sidebar

Top Stories

Follow Us

AD/15020739/nowmedia_sidebar
AD/15020739/nowmedia_leaderboard

More News

Content from our Sponsors

AD/15020739/nowmedia_sidebar_lower