What happens to consumer loyalty when people are constantly being asked to make trade-offs?
After years of inflation, economic uncertainty, shifting interest rates, changing shopping habits, and new pressures on household budgets, Canadian consumers have become more cautious, intentional, and willing to reconsider the brands they buy.
In this episode of Stacked, Jennifer LaForge sits down with Chris Chhim, Research Director, Research East and Public Affairs at Angus Reid Group, to explore what the data is telling us about Canadian consumer sentiment, spending, loyalty, and value.
Chris shares why Canadians have become increasingly comfortable switching brands, why loyalty now has to be earned purchase by purchase, and how affordability pressures are creating an “economy of trade-offs.” They also discuss the rise of deal hunting, why getting a bargain can create a sense of control, and why consumers increasingly want savings without added complexity or friction.
The conversation also explores how financial uncertainty could shape an entire generation's relationship with money, why younger consumers are becoming more open about financial struggles, what intentional spending means for the luxury market, and how brands can better understand what consumers actually value.
Jennifer and Chris also look ahead at the growing role of AI in shopping and product discovery, why brands need to think differently about how they appear in AI-driven search, and how reducing cognitive load could become an increasingly important part of the customer experience.
Whether you're a marketer, retailer, loyalty professional, business leader, or simply curious about why Canadians are spending differently, this conversation offers a data-driven look at the forces reshaping consumer behaviour and what brands need to understand to stay relevant.