Index of Consumer Spending

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National Household Spending Bounces Back

Up to December 9, preliminary data showed that the ICS decreased by 2.7 points. However, this could be reversed as the rest of December’s data comes in, especially as the preliminary data do not yet account for the final weeks of last-minute Christmas shopping.

February 7, 2024   •   8-min read

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6 points to 117.2

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.

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