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 discuss the continuing deterioration in consumer spending levels across the country.
With the ICS posting a similar overall performance in 2023 compared to 2022, what do projected inflation rates bode going forward? With declines evident across the board, are some regions more heavily impacted than others? We share our findings for the month of December, considering the situation in each province and territory.
Read the online experience to get our full analysis.
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