Real-time consumer spending information will help the retail industry more easily identify consumer spending behaviour trends at the national and provincial level
TORONTO –July 26, 2022
With the goal of making it easier and quicker for retailers to find the key data points that help inform decision-making, Retail Council of Canada has worked closely with Moneris Data Services to provide critical real-time data on Canadian consumer credit and debit card spending. Retailers will now be able to gain a more robust perspective on both where consumer are spending their dollars and on what, based on the billions of transactions Moneris processes across all types of merchants and geographic areas within Canada.
RCC’s RETAIL PULSE DASHBOARD collects and consolidates data from various sources, including Statistics Canada, and Moneris, to allow users to find the core retail data from across multiple retail sectors, regions, and timeframes. Overview information on the retail industry is available to everyone. Retail Council of Canada members also have access to much richer data, enhanced filtering, comparisons, and customization.
“Leveraging the power of data has always been important to retailers. But today, with so many sources of information, and the need to plan and optimize in real-time, having a single resource to consult for overall trend means retailers can now spend less time searching for data and have more time to consider and develop compelling competitive strategies,” said Diane J. Brisebois, President and CEO, Retail Council of Canada. “Moneris’ data will provide rich insights about consumers’ actual buying behaviours, which, at the end of the day is the driver behind all retail efforts.”
“We’re excited to play an important role in providing critical information on consumer spending,” said Sanjeev Chib, Managing Director of Spendscape, Moneris’ data solutions subsidiary. “Our industry-leading data and insights from point-of-sale activity combined with the other key data points Retail Council of Canada has thoughtfully curated, will provide a coast-to-coast perspective on how Canadian retail sales are trending.”
Moneris is Canada’s largest provider of innovative solutions for mobile, online and in-store payments, processing more than one in three transactions. Serving businesses of every size and industry, Moneris offers hardware, software and solutions to help transform the way businesses grow and operate, in payments and beyond.
About Retail Council of Canada
Retail is Canada’s largest private-sector employer with over 2 million Canadians working in our industry. The sector annually generates over $78 billion in total compensation. Core retail sales (excluding vehicles and gasoline) were over $433B in 2021. Retail Council of Canada (RCC) members represent more than two-thirds of core retail sales in the country. RCC is a not-for-profit industry-funded association that represents small, medium, and large retail businesses in every community across the country. As the Voice of Retail™ in Canada, we proudly represent more than 45,000 storefronts in all retail formats, including department, grocery, specialty, discount, independent retailers, and online merchants. www.retailcouncil.org.