Index of Consumer Spending: December 2022

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Index of Consumer Spending: December 2022

Consumer and Business Confidence
Pages:1 pages5 min read

Author: David Ristovski

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The Index of Consumer Spending 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.

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This month, we look at the effects of food inflation, a tight labour market, and interest rate hikes on consumer spending growth in Canada.

With mortgages becoming costlier, how are Canadian households adjusting their spending? How has increased pessimism over current and future finances affected growth in consumer spending? We share our findings for the week of October 23 to the week of November 13, considering the situation in each province and territory.

Read the online experience to get our full analysis.

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