Walmart Canada Income Tracker shows $15 drop
MISSISSAUGA, ON, Feb. 27, 2012 /CNW/ - Today Walmart Canada released the
Walmart Canada Income Tracker for the month of January, which shows
that the average Canadian household had $15 less per month in spending
power in January 2012, compared to January, 2011. This represents a
small decline in spending power of 0.5%.
The Walmart Canada Income Tracker compares average household income with
the key financial obligations facing Canadian households each month,
including taxes, shelter, transportation, cost of utilities, and food.
Spending power is the money available after these obligations are met
to save or to spend on discretionary items (e.g., toys, clothing,
furniture) or experiences, (e.g., movies, sports events, restaurant
In January, on average Canadian household income rose by 2.5 per cent.
Household financial obligations which negatively impacted spending
power included transportation costs, which rose 7.3 per cent in the
month compared to a year earlier, utilities which rose by 2.8 per cent,
and financing and shelter costs, which both rose by 2.6 per cent.
The Walmart Canada Income Tracker reports monthly on Canadian household
About Walmart Canada
Walmart Canada operates a growing chain of 333 stores, employs over
85,000 Canadians and serves more than one million customers each day.
The company is recognized by Waterstone Human Capital as having one of
Canada's top 10 corporate cultures. Since 1994, Walmart has raised and
donated more than $150 million to Canadian charities and not-for-profit
organizations. Additional information about Walmart Canada can be found
by visiting www.walmart.ca.
The Walmart Income Tracker has been developed to track spending power of
Canadian households using publicly available income, cost of living and
consumer price index statistics compiled nationally by Statistics
Canada on a monthly or quarterly basis
The Walmart Income Tracker is developed by Fusion Retail Analytics and
leverages Statistics Canada's national income and expenditure accounts
(released quarterly), personal expenditure on goods and services
(released quarterly), labour income (released monthly), labour force
estimates (released monthly) and the consumer price index (released
monthly) as well as additional proprietary Fusion Retail Analytics data
sources. The Walmart Spending Power Tracker is updated monthly and
updated each quarter with the most recent Statistics Canada revisions.
SOURCE WAL-MART CANADA CORP.
For further information:
please contact Susan Schutta, Walmart Canada, at 905-821-2111, x78012