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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 influence of shifting consumer confidence and its interplay with dwindling employment levels.
With the Index at its lowest point, what regions saw increased spending? If consumer confidence was up in May, why was spending down? We share our findings for the week of April 30 to the week of May 21, considering the situation in each province and territory.
Read the online experience to get our full analysis.
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