Grocers and banks took a hit to their reputations, as Canadians navigate high inflation and interest rates, says a Leger survey. Read more.
This year, banks and Canadian-owned grocers didn’t manage to crack the top 40 most reputable brands of the 299 companies selected for the report. Among the Big Six banks, Royal Bank of Canada came in highest at No. 87, followed by Toronto-Dominion Bank at No. 96. The rest ranked between 102 and 108, except for National Bank of Canada, which came in at No. 155.
American retailer Costco Wholesale Corp. cracked the top 10 this year at No. 9, but so did Montreal-based Dollarama Inc. at No. 7. The ascension of those companies into the top 10 reflect the changing macro environment and needs of Canadians, said Covens. For example, Canadian Tire Corp. Ltd. earned the No. 1 spot in 2021 as people sought to get through the pandemic, but dropped to No. 5 this year as life largely returned to normal.
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Grocer, bank reputations tumble in Canada amid high inflation, interest rates: surveyGrocers and banks took a hit to their reputations, as Canadians navigate high inflation and interest rates, says a Leger survey. Read more.
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Grocer, bank reputations tumble in Canada amid high inflation, interest rates: surveyGrocers and banks took a hit to their reputations, as Canadians navigate high inflation and interest rates, says a Leger survey. Read more.
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