Study: Lockout hits Canadian merchants near arenas
TORONTO (AP) -- Canadian businesses near NHL arenas are taking a hit because of the lockout.
According to a leading credit and debit card processor, spending is down more than 11 percent from a year ago on game day.
The report by Moneris found that business is off nearly 35 percent for bars near arenas in Winnipeg, Vancouver, Toronto, Montreal and Calgary.
Restaurants are taking a nearly 11 percent hit. Fast-food outlets follow, down almost 7 percent compared from 2011. Edmonton is facing the largest impact, with business falling 27 percent.
Merchants away from arenas, however, are getting a boost from the 11-week dispute. Moneris finds spending is up 5.4 percent as Canadians stick closer to home.