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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 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.
This month, we examine the mixed changes in index scores across the country. How did inflation affect the ICS in individual provinces? How do changes in the unemployment rate and average hourly wages impact consumer spending? We chare our findings for the month of November, considering the situation in each province and territory.
Read the online report to get our full analysis.
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