N.L. retail spending at record high
This may be the peak of the Christmas shopping season, but retail spending in Newfoundland and Labrador is at an all-time high year round.
In October, Statistics Canada said consumer spending was up 5.7 per cent from the same month the year before, with $697 million being spent by shoppers in this province during that month alone.
"I'm a shopper, I'm a shopaholic," admitted Heather Predham as she pushed her Costco cart through the store's crowded parking lot.
Not only is Predham an enthusiastic spender, she said she also witnesses the spike in spending at the business she owns - the Wendy's Restaurant in Mount Pearl.
"Yeah, our sales are up, we're one of the highest in Canada," she said.
More money, more jobs
"[There's] more money, more jobs, more everything," observed Elaine Careen, who has come home from Ottawa for a Christmas visit.
She noted that Dec. 25 may come once a year, but the way she has been watching people in her home province spend, it might as well be Christmas all year long.
"I just noticed that people don't have to wait until Christmas to get what they want. If people want something today they just go out and buy it," Careen said. "Is it because there's so many people working in Fort McMurray now and they get so much money?"
By the end of 2012, Newfoundlanders and Labradorians are projected to have spent about $8 billion on consumer goods this year.