Index of Consumer Spending for April 2025

Name: Index of Consumer Spending for April 2025
SKU: P-01418-F8C3G7
Availability: InStock

Canadian Economics

June 17, 2025

Business and Household Indicators

4 min read

Author: Walter Bolduc

$0.00

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 incremental changes in net transaction volume month-over-month from a set starting point (April 2022 = 100), enabling us to gauge economic activity levels across the country and provide insights into how the Canadian economy is performing coast to coast.

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Spring Surge: Consumer Spending Rises Despite Uncertainty

The Index of Consumer Spending (ICS) increased for all provinces between April 2024 and April 2025, despite a higher year-over-year unemployment rate. Over the same period, the population continued to grow. What role did Canada’s population growth play in increased consumer spending? Will the present elevated uncertainty associated with the tariff threats from the White House affect consumers’ choices over the near term? Will economic uncertainty dampen their outlook for their future finances and employment? How will the Bank of Canada respond?