Index of Consumer Spending

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Consumers Pull Back Spending After the Holiday Season

In January inflation fell to 2.9 per cent from 3.4 per cent in December. As inflation continues to cool, the Bank of Canada will begin to shift focus to interest rate cuts. As interest rates lower and households’ financial positions improve, spending will accelerate.

March 26, 2024   •   3-min read

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18.2 to 96.1

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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