Canadians are changing their spending habits in response to inflation — via financialpost inflation
Canadians are changing their spending habits in response to inflation, a new report by Ernst & Young Global Ltd. found.survey revealed that over half of consumers are being impacted by the rising costs of goods and services.
. “These significant shifts, coupled with inflation, are driving consumers at all income levels to change their shopping behaviours and rethink purchase decisions.”Article content The results showed that Canadians are prioritizing experiences over goods after two years of the COVID-19 pandemic. “In line with the growing desire for simplicity and flexibility, the most appealing experiences will be those that are easy to access and take minimal time investment — that means more digital touchpoints, frictionless brand experiences and personalized consultations in the metaverse,” said Chaudhry.