Canadian Consumers Shift Buying Habits in Response to Geopolitics
CANADIAN consumers are increasingly influenced by geopolitical, economic, and cultural factors in their buying habits. Richard Lee, executive director of Ontario Greenhouse Vegetable Growers (OGVG), emphasized the importance of direct communication with retailers and consumers to identify changing market demands.
A Bank of Canada report indicates a modest shift from American goods to Canadian products among consumers. Key motivations for purchasing Canadian include economic support, frustration with U.S. policies, and national pride.
Buyers look for 'local' products as a response to recent supply chain disruptions and geopolitical tensions. The trend is re-emerging, driven by the encouragement to buy local during World War I and in the 2000s for sustainability reasons. A report found that 82% of Quebec residents prioritize buying products from their province, while Albertans are less concerned.
Canadians have 'modestly' moved away from buying American goods, with 86% feeling it's good for the economy and 75% citing frustration with U.S. policies as reasons to buy Canadian. The main segments of the population that prioritize buying Canadian vary, but seniors and immigrants are less likely to do so.