Money

Consumer spending in province rises

Postmedia Network

Consumer spending amongst Manitobans was above the national average for the second quarter of 2016.

 

That’s according to Moneris, which released a quarterly report on the topic on July 21.

Consumer spending in Manitoba rose 5.95% in the second quarter of this year, as compared to the same period in 2015 - slightly higher than the Canadian average of 5.53%.

Nationally, the report also found charitable spending increased 21.08% year-over-year, mostly due to the call for help to victims of the massive fire in Fort McMurray, Alta. And tapping credit and debit cards instead of swiping them has taken off, with Moneris saying the number of contactless transactions in Canada increased by 95.6% in the quarter, as compared to the same period last year.