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Canadian Retail Sales & MONEXgroup Smoothes Retailer’s Growth
Dec 02, 2014

MONEXgroup discusses in its article the latest economic activities in the Canadian marketplace and the growth rates for Canadian Retail Sales services; in correlation with the Gross Domestic Product and consumer’s confidence rates.

Canadian Retail sales in September 2014 has emerged into a fast growing economy with positive rates; feeding the Canadian marketplace with maturity in the year’s Gross Domestic Product (GDP), consumer confidence and the stock market. Less astonishing but more surprisingly was the economists’ forecasts for the monthly performance this year that indicated sales rose for the first time in three consecutive months!

Leading figures were mostly generated by “big-ticket items such as cars, furniture and appliances” reported by The Globe and Mail in November, 2014. Actual retail sales for the month appreciated by 0.8% reaching $42.8 billion; reported by Statistics Canada in Ottawa.

Canadian Retail Sales
“Retail sales in September 2014 has emerged into a fast growing economy with positive rates.”

Canadian Dollar Gains: this topic was covered by micro-economists who were observing the day-to-day performance and reflecting events on the North American performance; Market Pulse compared the CAD to USD currencies based on the 0.8% increase for September 2014 and the Consumer Confidence rates. Factors which led to the Canadian economic growth were:

  • Consumer Spending on cars and housings
  • Cars & Parts rose by 3.4% in September 2014 reaching $10.5 billion
  • Cars & Parts sales led by light trucks with 8.1% increase over the last 12 months
  • Home furnishing sales rose 1.3 %, reaching $1.38 billion
  • Electronic & Appliance had four straight increase in sales; gained 1.2% reaching $1.26 billion

Canadian Retail Sales &  Retailer Growth

Source : TradingEconomics.com | Statistics Canada

Monthly Performance in the Canadian Retail Sales figures for Quadrant 3, 2014:

  • July 2014 – August 2014 : – 0.1 %
  • August 2014 – September 2014 : + 1.0 %

Yearly Performance in the Canadian Retail Sales figures:

  • September 2013 – September 2014: + 4.5 %

MONEXgroup Announcement

Toronto December 02, 2014

As retailers are experiencing growth in the automotive, furniture and appliances services, MONEXgroup has continued to provide reliable, secure and effective payment solutions to all merchants across Canada.

MONEXgroup provides measures to assess the quality of service to retailers to improve Canadian retail sales and determines the right payment solution fitting their unique business needs. Our featured products are:

  1. IN-STORE PAYMENTS – VX810 Duet
  2. ON-THE-GO PAYMENTS – iWL250
  3. VIRTUAL PAYMENTS – eCommerce Solutions
  4. INTEGRATED PAYMENT – Integrated Solutions

When partnering with the number one payment processor in Canada; MONEXgroup will increase your cost efficiency and quality of service. Request a Cost Comparison Analysis today!


Sara Atie
MONEXgroup
Marketing Communications Specialist
SAtie@MonexGroup.com
T: 1.866.286.7787 – EXT: 240

 

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