Canadians are back drinking again
Back when the recession was going on, no one could get a grasp on alcohol sales.
The conventional wisdom went: the economy’s tanking, so we’re getting tanked. And, indeed, that was the reality during much of the downturn.
But then, the thinking shifted. Not only did we not have jobs, Canadians couldn’t even afford to drink, and alcohol sales began to sink. What the heck was going on?
In any case, as much of the economy’s uncertainty has eased, so has our relationship with booze. Canadians, we’re back drinking again.
According to the latest Stats Canada numbers, beer and liquor sales rose in the fiscal year ending Mar. 31, 2010, a spike of 2.8 per cent from the previous year. That’s $19.9 billion worth of booze Canadians downed as the recession began to repair.
Also worth noting is the return of Canadians sipping their favourite imported beers. While some consumers may have been spooked off splurging for the expensive stuff, Canucks returned to pricey imports in droves last year, sending the volume of imported beer sales up 7.8 per cent.
Ontarians are still the biggest alcohol buyers in the country, according to Stats Canada; their $1.9 billion in booze purchases last year was up 0.9 per cent from 2009.
But when it comes to the alcohol rebound – the percentage uptick from 2009 to 2010 when times got better – many other provinces and territories swatted Ontario to the side rushing back to liquor stores.
Quebec and Newfound and Labrador alcohol sales increased 6.3 per cent from 2009 to 2010, P.E.I.’s jumped 6.6 per cent, Yukon rose 9.2 per cent and Nunavut won the national race. Alcohol sales spiked a whopping 10.2 per cent in the territory year-over-year, according to Stats Canada.
Are you drinking more, less or the same since the recession ended?
By Jason Buckland, MSN Money
*Follow Jason on Twitter here.
Posted by: laughing at you clowns | Apr 22, 2021 9:08:04 PM
hahaha you guys are a bunch of clowns!
Posted by: Chip | Apr 22, 2021 10:41:29 PM
@binder dundick... your obvious use of your right hand has certainly made you blind since you have my commentary confused with Bernie's whining about her job and financial situation. However since you seem knowledgeable about hookers... drop Bernie a line. She might throw you a few educated barbs while the two of you share some brie with your sauvignon blanc.
Posted by: Justin' | Apr 23, 2021 12:05:26 AM
I hear all the time people from across the country complaining about how much their live sucks, how they cant find a job and make decent money. There is a reason why we have so many people flock out to Alberta for jobs from Quebec, Ontario, Maritimes etc. Take a dive out of your comfort zone and come where real opportunity is. Most jobs ive applied for dont even give you an interview. They ask "When can you start?"
Posted by: Jack Daniels | Apr 24, 2021 11:38:22 PM
I am drinking the same. I eat the same food, drive the same car, use the same amount of gas and electricity, go out the same, stay in the same, get up in the morning the same, go to bed each night the same, etc, etc....
Posted by: N.Quarmby | Apr 25, 2021 8:03:23 AM
Take a good look at the shallow end of the gene pool that we must choose a federal leader from very soon......and you wonder why booze sales are up?
Posted by: jdenishuggard age 74-son of ww1,ww2 rcaf high ranking veteran | Apr 25, 2021 10:07:05 PM
ok-i came back from damaged spine-30 years squash,skiing,hewer of wood.olympic team member-aqua]and got orthotics-after 10 hard years-rebuilt daily-6am-oceanfront-connected to partners in curacao-aruba-now control 7,000 acreas ocenfront[unserviced acreage $250,000/acres]then meltdown arrived[ugh]must get ""marina port""built-budget over $90,000,000[90mmusd]needing marina mgmt team-who ever heard of retiring?those oceanfront properties increase in valuev 25%annuallt-amazing eh?-if a guy has financed globally for 30 years-connections are vast-turned down equity from serians-look @ paradise island in bahammas-mr sol kuszner built one billion project-2nd in dubai!!!!!!!!!!!!!if anyone wants my financial guidlines-send request to computer guy gordharder@gmail.com-everyone think long term like chinese/jdenishuggard
Posted by: samzigg | Apr 25, 2021 10:08:04 PM
Albertan! Who slowed down
Posted by: Chip | Apr 25, 2021 10:56:13 PM
@jdenishuggard ============ How long have ya been OFF the meds ??
Posted by: Trixie | May 5, 2021 4:50:19 PM
Hey Chip! Do YOU have a job?? Every blog I find you on, all you are doing is complaining. Instead of sitting on this blog all the time, get a job and maybe then go and buy yourself a drink and put a smile on your face. (Get laid while you're at it.) THEN come back and write something NICE in a blog for a change! You have waayyyy too much time on your hands.