- Category: Economic
- Published Wednesday, December 23, 2015
- CTV News
Those looking to wrap up their holiday shopping on Wednesday won't be alone.
Moneris, Canada's largest debit and credit payment processor, said Dec.
The company said spending over the first two weeks of December was up 4.49 per cent over the same period last year.
Spending in Ontario has seen a jump this holiday season, with a 7.86 per cent increase over last year, and British Columbia has experienced a 6.28 per cent increase.
Meanwhile in Alberta, where the province has been hit hard by plunging oil prices, holiday spending has decreased 5.85 per cent over 2014.
According to Moneris, retail sales have been up about six per cent across the country this year, while 2014 saw relatively flat retail sales throughout the year.
Spending in Canada on Black Friday increased 9.58 per cent over 2014, while Cyber Monday spending saw a 14.07 per cent jump.