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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.
This month, we look at the effects of holiday spending, tight labour markets, and monetary tightening on consumer spending growth in Canada.
How did the holiday season affect people’s spending? Are strong labour markets leading to growth in consumer spending? We share our findings for the week of December 18 to the week of January 8, considering the situation in each province and territory.
Read the online experience to get our full analysis.
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