I posted early about a decline for enthusiasm for consumption in Canada - starting long before the current financial crisis.
While that is evident among the general population, there are differences in the cultural groups in Canada. While only 8% of Canadians who classify their ancestry as being from the British Isles "totally agree" that "to spend, to buy myself something new, is for me one of the greatest pleasures in life" 16% of Chinese Canadians do.
While 30% of those of British origin agree that "I like to be immediately informed of new products and services so that I can use them". That figure rises to 51% among Chinese Canadians and 52% among South Asian Canadians.
Without doubt retailers and marketers need to recognize and understand the opportunities represented by Canada's diverse cultures.