Insight from ebookers has identified that a continued lack of loyalty is seen in the industry as 69 per
cent of consumers say they will visit more websites to find the right price and will use more comparison sites in the next 12 months than ever before to plan their holiday.
A recent NPD study showed that 52 per
cent of consumers say they've heard of wearable technology devices, including smart glasses, bracelets, watches and fitness tracking devices, and one - in - three say they're likely to buy one.
Not exact matches
Equifax Canada
said in a new report Monday Canadian
consumers now owe $ 1.821 trillion including mortgages as
of the fourth - quarter
of 2017, marking a six per
cent increase from a year earlier.
About 72 per
cent of moms aged 25 to 54; 77 per
cent of male
consumers aged 25 to 54; and 79 per
cent of young
consumers aged 18 to 29
said they already use a smartphone or tablet as a shopping tool in stores.
TORONTO — A new report
says the level
of Canadian
consumer debt at the end
of 2012 — not counting mortgages — was up nearly six per
cent from a year earlier.
Of the moms surveyed, only 24 per
cent said they'd feel comfortable using their phone to make payments in store, while the male and young
consumers were split.
If a
consumer is
saying that their costs are going up by 4 per
cent because
of carbon taxes, gas prices, and so on, you have to ignore that as you do your work around trying to set an interest rate.
Nikolaos Panigirtzoglou from JP Morgan
says global
consumers enjoyed a US$ 1.8 trillion annual windfall — worth 2.2 per
cent of global GDP — when oil prices crashed.
While the Ontario government's recently updated long - term energy plan
said the province's industrial electricity
consumers currently face prices lower than that
of the average for the Great Lakes region, the plan also showed that the cost will rise to $ 116 per megawatt hour by 2035, a nearly 40 per
cent increase from the projected 2017 price
of $ 83 per megawatt hour.
The Ombudsman for Banking Services and Investments — a national, not - for - profit organization to which
consumers can turn to settle disputes with OBSI's participating financial institutions —
said in its annual report that it had 5,477 inquiries and opened 721 investigations in 2017, increases
of eight per
cent and 13 per
cent, respectively, over 2016.
«You simply can not pull as much as 20 per
cent of the purchasing power away from conventional mortgage borrowers and not create a downturn in
consumer demand,» Muir
says in the release.
«When
consumers see one cheese package
of individually wrapped slices is $ 1.89 and another for 99
cents, they try the lower cost alternative,» he
says.
Mr Durkan first accused multinational suppliers
of price gouging soon after joining Coles from Britain in 2008,
saying Australian
consumers were paying at least 10 per
cent and as much as 100 per
cent more than British
consumers for packaged groceries because suppliers had been making excessive profit margins in Australia and relying on annual price increases for margin growth.
Fifty - seven per
cent of Americans
said plant - based foods are more expensive than others, and that number jumps to 64 % among
consumers aged 18 to 34.
Sixty - six per
cent of plant - based protein
consumers said they eat these proteins in prepared meals, but traditionally animal - based products are popular vehicles, too, Mintel
said.
Mr Mercade
said the new brand name removed any doubts that the no - calorie cola did not contain sugar, citing research that only 50 per
cent of consumers understood that Coke Zero and Diet Coke were sugar - free.
«Nielsen Homescan shows that while fresh and chilled make up the largest proportion
of sales, the number
of consumers who purchase fresh or chilled exclusively is very low — 85 per
cent of buyers shop across two or more seafood segments while in store,» Nielsen
said.
Industry sources
said 60 to 70 per
cent of packaged bread was bought on promotion and
consumers often delayed purchases to take advantage
of 50 - per -
cent - off discounts and two - for - one offers.
Analysts
say the launch
of Prime, which is used by about 60 per
cent of American households, will change the game for Amazon and Australian retailers, making ordering from Amazon almost a daily habit for
consumers.
Luca Mignini, president
of Campbell International, which owns the Arnott's biscuit range that controls 60 per
cent of the $ 1.3 billion local sweet biscuit market,
said there were other strategies to lure in
consumers other than slashing prices.
«Independent research conducted for Planet Ark found 60 per
cent of Australians would be more likely to purchase a product displaying the Carbon Reduction Label, so it's certainly something we believe
consumers will value,» he
says.
The supermarket boss
said Mr Katter's bill, which seeks to reduce the market share
of the big two supermarkets to no more than 20 per
cent, would not help
consumers.
Jane Martin: Well, it's pretty good evidence in our view and we also know that
consumers are in favour — 87 per
cent of consumers would like the government to require industry to put traffic lights on the front
of food and 88 per
cent of people have
said that they would use them.
The National Bureau
of Statistics (NBS)
says the
Consumer Price Index (CPI), which measures inflation for April, decreased to 12.48 per
cent (year - on - year) from...
Lawmakers and advocates
say the tax — which charges drug companies 2
cents per milligram
of opioid - based medications at the first point
of sale — will likely be absorbed by
consumers in the form
of higher insurance premiums and co-pays.
Consumers account for the largest emissions worldwide, he
says: Heating and electricity generation account for about 40 per
cent of global CO2 emissions, while transportation accounts for 25 per
cent.
«Our study found 81 per
cent of online media coverage was produced in the United States, which has few elephant poachers and few
consumers of illegally - sourced ivory,» Mr Braczkowski
said.
That was up 7.7 per
cent from $ 1.42 trillion at the end
of 2013, including a 1.1 per
cent increase in the latest quarter.Compared with the same quarter last year, Equifax
says national
consumer demand for credit was driven mainly by credit cards.
He didn't rule out offering the streaming service to those
consumers down the road but
said Bell wanted to focus on the 90 per
cent of Canadians who do have TV subscriptions.
Statistics Canada
said the economy registered 2.7 per
cent growth in the exports
of goods, led by increases in motor vehicles and parts as well as
consumer goods and crude - oil bitumen.
Equifax Canada
says consumers now owe $ 1.821 trillion including mortgages as
of the fourth - quarter
of 2017, marking a six per
cent increase from a year earlier.
Of the moms surveyed, only 24 per
cent said they'd feel comfortable using their phone to make payments in store, while the male and young
consumers were split.
In fact, over the long term,
consumers get back in claims payments an average
of only about 65
cents on every dollar they pay for insurance, he
says.
In an environment
of subdued investment returns, Davis
says consumer awareness will increase that the 2.5 per
cent management expense ratio
of the average Canadian mutual fund will «take a much bigger bite out
of returns and investors will be more apt to notice that.»
Since 1991, the report
said the total financial obligations
of households has broken down, on average, in the following way: mortgage debt has represented 63 per
cent of all debt,
consumer credit 29 per
cent and other loans eight per
cent.
Statistics Canada
said Friday that total household credit market debt, which includes
consumer credit and mortgage and non-mortgage loans, increased 1.2 per
cent to $ 1.923 trillion at the end
of last year.
It
says there was an overall delinquency rate
of 2.58 per
cent on non-mortgage
consumer debts in the second quarter.
The
consumer credit rating agency
says the level at the end
of the third quarter was up 7.4 per
cent from $ 1.409 trillion a year ago, with non-mortgage debt held by Canadians now standing at an average
of $ 20,891.
Sarah Fussey, director
of marketing at Best Western Great Britain
said: «HSBC's recent report on the Anatomy
of the
Consumer states that 51 per
cent of people asked
say they think booking through an online travel agent presents them with the best deal.
When one takes into consideration the different efficiencies
of liquid - fueled and electric propulsion, then where the rubber meets the road the cost
of powering a plug - in hybrid with average - cost residential electricity would be about 40 per
cent of the cost
of powering the same vehicle with today's approximately $ 2.50 / gallon gasoline, or,
said another way, for the
consumer to be able to buy fuel in the form
of electricity at the equivalent
of $ 1 / gallon gasoline.
This does not even mean that the price
of electricity to
consumers is being pushed up 1
cents / kWh by wind power, the Chief Executive
of the Energy Supply Association
of Australia is on record as
saying that renewables are suppressing the wholesale price
of electricity.
Once photovoltaic energies get down to levels
of around 10
cents,
says Gray, «large numbers
of consumers will start to buy in, driving the per - kilowatt price down even further.
... the cost
of powering a plug - in hybrid with average - cost residential electricity would be about 40 per
cent of the cost
of powering the same vehicle with today's approximately $ 2.50 / gallon gasoline, or,
said another way, for the
consumer to be able to buy fuel in the form
of electricity at the equivalent
of $ 1 / gallon gasoline.
Already, the GEA has caused major price increases for large energy
consumers, and we're anticipating additional hikes
of 40 to 50 per
cent over the next few years,»
said Ross McKitrick, Fraser Institute senior fellow and author
of «Environmental and Economic Consequences
of Ontario's Green Energy Act».
Russia has 20 gigawatts
of excess power capacity, with
consumer electricity prices as low as 80 kopeks (1.3
cents) per kilowatt hour, which is less than in China, RMC
said in the presentation.
A recent TREB news release points to a 2012 Angus Reid poll which, it
says, finds that 75 per
cent of Ontarians want the final sale price
of their home to remain confidential, and that the same percentage
of consumers believe that their personal information should be kept confidential by Realtors.
The majority
of consumers surveyed in the study
said a four to five per
cent real estate commission is a more reasonable fee than six per
cent.
Toronto real estate brokerage TheRedPin.com
says it is «set to fix» a «centuries old business model... with a new program that significantly challenges industry norms by shifting 50 per
cent of their sales commissions back to
consumers.»
Consumer debt is growing; bankruptcies have soared 54.3 per
cent over the past year with those in the know
saying this would have happened with or without the recession; and, most disturbing, is the fact that debt is becoming a serious problem among young Canadians, with a growing number approaching Credit Canada with levels
of student debt and credit card debt that are out
of control.
«Over 70 per
cent of consumers choose the first company that gets back to them,»
says Jose Perez, founder
of PCMS Consulting.