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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’s Index of Consumer Spending continues to show an increase across all provinces and territories, save Nunavut.
What factors are driving the increase in ICS scores? How does the household saving rate compare? What is the impact on employment and inflation?
Read the online experience to get our full analysis.
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