Index of Consumer Spending

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Consumer Spending Increases (For Now)

Edition 1  |  Updated: June 17, 2022

Canadians are spending more on retail and travel services because mandates and restrictions have dropped.

Consumer spending is increasing, partly because provinces’ reopening and summer’s arrival are prompting Canadians to tap into their savings (thanks to government support programs) and to spend more. Consumer spending has also been helped by an increase in consumer confidence in April.

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About the ICS

The Index of Consumer Spending is The Conference Board of Canada’s latest index and it is powered by exclusive consumer transaction data provided by Moneris Data Services. Moneris is Canada’s number one payment processor with over 3.5 billion transactions spanning more than 325,000 merchant locations. Our index tracks weekly year-on-year changes in consumer spending, enabling us to gauge economic activity levels across the country and provide insights into how the Canadian economy is performing coast to coast.

Updates on this index will be released monthly.

David Ristovski

Author

David Ristovski

Economist
ristovski@conference­board.ca

David Ristovski joined the Conference Board in April of 2022. As a member of the economic forecasting team, he works on our economic forecasts and is responsible for providing monthly updates on our index of consumer spending.

David holds a master’s degree in economics from the University of Western Ontario and a bachelor’s degree in mathematics and statistics from the University of Windsor. His research interests include macroeconomics, banking, and monetary policy.

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