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20/10/2009 -
Canadian merchants may want to dust off their POS terminals to prepare for increased sales, as the country's leading economic indicators have posted gains for the fourth consecutive month.According to a report Tuesday from Statistics Canada, the composite leading index rose by 1.1 percent in September while the August composite index was upwardly revised by 0.1 percentage points to 1.2 percent. Seven of the 10 components posted gains.
Canadian merchants may also be encouraged to find that furniture and appliance sales leveled off after seven straight declines, while other durable goods sales grew 0.9 percent since August to reach $9,517 million.
These results follow an earlier announcement from Statistics Canada, which reported that retail sales volumes in pharmacies, general merchandise stores (including department stores) and clothing stores increased in July, the latest month for which data was available.
As consumer spending continues to increase, payment processing becomes more important than ever, especially as a growing amount of consumers are choosing to pay for their purchases with credit, debit and prepaid cards. To make the most out of the increased consumer activity, merchants are advised to make sure their POS terminals are up-to-date and accept multiple types of payments.
