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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 examine the mixed changes in index scores across the country. What was the effect of the Bank of Canada holding its policy interest rate at 5.0 per cent? How have natural disasters in many provinces and territories impacted consumer spending? We share our findings for the week of September 3 to the week of September 24, considering the situation in each province and territory.
Read the online experience to get our full analysis.
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