Index of Consumer Spending
Powered by Moneris Data Services • Updated: August 29, 2024
Canada’s Largest Provinces Drag Down Consumer Spending
Despite an interest rate cut in June, consumers are still holding back on spending as shelter prices continue to strain household budgets. Although some households on fixed rate mortgages have yet to be affected by shelter price inflation, they are likely holding back on some spending as they prepare for a price shock from higher rates at mortgage renewal.
August 29, 2024 • 3-min read
0.4 to 121.11
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.
Author
Questions?
If you have any questions about the Index of Consumer Spending or about becoming a subscriber, please contact our sales team.
1-888-801-8818
Stay Informed
As the country’s largest private economic analysis and forecasting unit, we are here to help leaders cut through the noise and make informed decisions to build the Canada of tomorrow.