All Provinces and Territories Post Increases in March: Index of Consumer Spending—May 2024

Name: All Provinces and Territories Post Increases in March: Index of Consumer Spending—May 2024
SKU: 13537-0405-WEB
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Canadian Economics

May 14, 2024

Consumer and Business Confidence

3 min read

Author: Walter Bolduc

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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.

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The Index of Consumer Spending (ICS) increased to 104.8 points in March, a 6.2-point increase from February (the month of April 2022 = 100). This online experience highlights the average increase in spending among Canada’s provinces and territories.

What factors have contributed to consumers’ greater positivity? What areas saw the largest and smallest increases? We share our findings for the month of February, considering the situation in each province and territory.

Read the online experience to get our full analysis.