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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 weekly year-on-year changes in consumer spending, enabling us to gauge economic activity levels across the country.
This month, we discuss the effects on consumer spending of lower consumer confidence and climate events like wildfires in British Columbia and the territories and heavy rainfall in Quebec.
Is year-over-year spending continuing to grow? How are unemployment rates affecting consumer spending? We share our findings for the week of July 23 to the week of August 13, considering the situation in each province and territory.
Read the online experience to get our full analysis.
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