Canadian mobile penetration and bank access have created a high-potential environment for both proximity and peer-to-peer mobile payments. But entrenched payment habits and monopolization have created a slow growth environment that will force providers to adapt.

This second annual benchmark evaluates seven Canadian financial institutions across six feature categories and weights their scores according to the results of a survey of mobile banking users in Canada.

Luxury retailers are bullish: Even as lockdowns in China have dented brands’ growth opportunities, companies from LVMH Moët Hennessy Louis Vuitton to Canada Goose to Ermenegildo Zegna Group are reporting higher revenues and an optimistic outlook for the future. LVMH’s revenues grew 29% in Q1, with double-digit growth in every sector except wine and spirits.

Twitter is still more popular overall in Canada compared with Snapchat, per our estimates. 2. Data from Insights West in May 2019 shows the closest cohort (ages 18 to 34) had a Snapchat usage rate of only 37%. Q: Which out of the four leading social networks do you think will be most relevant for Gen Z going into 2020?

This year alone, Square moved into Spain, Ireland, and France and also expanded its product offerings in Canada and the UK. These expansion efforts can help Square compete with PayPal, which has built a substantial global merchant base, and also increase the company’s revenue potential.

Internet users in Canada are most likely to discover new TV and video content from friends (57%), per Media Technology Monitor—far above the 41% who rely on personalized suggestions or the 23% who get recommendations from commercials.

Our forecast for digital video viewers in Canada highlights greater consumption of the medium during the pandemic.

Average daily time spent with media shot past the 10-hour mark last year, pushing media consumption to new levels in Canada.

Our latest forecasts for ad spending in Canada, which include our first-ever estimates for Google and Meta, show strong growth overall and an accelerated shift to digital.

In the UK and Canada, the pandemic has yielded very different results in 2020—a 59.9% plunge in digital-only DAO in the UK and a massive 342.6% explosion in Canada. However, by 2022, raw digital-only bank account opening will be dwindling gently in both countries.

Focus on Gen Z: With TikTok continuing to outperform Meta properties at winning over younger users, the Facebook and Instagram parent has been inspired to diversify its revenue streams—but those attempts, thus far, haven’t been all that inspiring.

There Will Be More Gen Z Users on TikTok Than on Instagram This Year. By the end of this year, TikTok will have a larger number of Gen Z users in the US than that of Instagram. This year in the US, TikTok will have 37.3 million Gen Z users (born between 1997 and 2012) who access their accounts at least once per month. For comparison, Instagram will have 33.3 million users within the same demographic.

More than 30% of US internet users will use it in 2022, and it will have more Gen Z users than Instagram. But the feature TikTok is most known for—short, catchy, user-generated videos—will change. Longer content will prevail, as TikTok and others try to lock in consumer engagement and keep users watching and scrolling.