Square’s Local Economy Report found that repeat customers who visit four or more times per year generate nearly 6x more annual revenue for Canadian neighbourhood businesses than one-time visitors. The report said regular customers return at least nine or 10 times per year, and in Montreal they generate 7x more annual value than occasional customers. A national consumer survey cited in the report found that 81% of Canadians plan to shop in their local neighbourhoods as much or more than last year, and 61% would continue supporting local businesses even if prices increase if value improves. The report found that 49% of Toronto businesses share regular customers with at least one other nearby business, compared with 55% in Vancouver. In Toronto, each additional local business connection was associated with an average USD 2,067 increase in annual revenue, according to the report.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Block Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603181007BIZWIRE_USPR_____20260318_BW865757) on March 18, 2026, and is solely responsible for the information contained therein.
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