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Share Name | Share Symbol | Market | Type |
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Loblaw Companies Limited | TSX:L | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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1.77 | 1.16% | 154.61 | 154.22 | 155.00 | 155.22 | 153.36 | 153.80 | 281,818 | 21:14:57 |
PC Financial Survey shows how Canadian shoppers can make their money work harder for them with the PC Money Account.
TORONTO, April 28, 2022 /CNW/ - While debit usage in Canada clocks in at an impressive 29% of purchases, nearly 90% of Canadians aren't using a debit card that rewards them for these purchases. According to a new survey from PC Financial* as many as 7 in 10 Canadians are not aware there are accounts, like the PC Money Account, that will reward customers for spending their own money. Meanwhile, a whopping 7 in 10 Canadians (73%) believe people using non-rewards debit cards are missing out on significant returns.
"With the cost of many items on the rise, people are increasingly looking for ways to make their money go further," says Barry Columb, President, PC Financial. "Canadians are telling us that they want the option to pay with their own money but aren't feeling rewarded by debit. That's exactly why we launched the PC Money Account which is like debit, only better since it gives customers PC Optimum points that can help cover essentials like groceries, gas, cosmetics, and clothes."
The Psychology Behind Spending with Debit
"Having deliberate control over spending is one of the pillars of financial well-being," says Dr. Moira Somers, a Winnipeg-based clinical neuropsychologist who focuses on financial psychology. "But spending can be influenced by hidden factors outside of our awareness, and this often results in overspending. One painless way to maintain control is to use your own money in the form of cash or an everyday spending account, just like the PC Money Account. It causes the brain to pause and give purchases a second thought."
Rewards Points are Motivating the Way People Pay
"I love the PC Money Account because it offers the best of all worlds. It not only provides the safety and convenience of having a bank account versus carrying cash, but it also rewards users with PC Optimum points everywhere they shop. The PC Money Account is a great option for people who want to make their money work harder and earn rewards faster," Dr. Somers said.
Further key findings from the survey:
*About the Survey
These are the findings of a study/survey conducted by PC Financial from April 11 – 14, 2022, with a representative sample of n=1,555 online Canadians who are members of the Angus Reid Forum. The survey was conducted in English and French.
The precision of Angus Reid Forum online polls is measured using a credibility interval. In this case, the poll is accurate to within +/- 2.5 percentage points, 19 times out of 20, had all Canadians been polled. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.
About the Angus Reid Forum
The Angus Reid Forum is Canada's most well-known and trusted online public opinion community consisting of engaged residents across the country who answer surveys on topical issues that matter to all Canadians.
About President's Choice Financial
PC Financial® services provide unprecedented value to customers, simplifying financial products to help Canadians Live Life Well®. Through the PC Mastercard® and the PC Money™ Account, customers avoid monthly banking fees and have earned more than $1 billion worth of PC Optimum points to redeem for beauty, groceries, gas, apparel, and other products. The company is committed to being one of Canada's most diverse and inclusive employers, and makes it a priority to reflect this in its people and culture.
Established in 1998, PC Financial® is a part of Loblaw Companies Limited. For more information, visit pcfinancial.ca.
SOURCE Loblaw Companies Limited
Copyright 2022 Canada NewsWire
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