About the Index of Consumer Spending

Canada’s Gross Domestic Product is largely made up of consumption. One way to gauge how the economy is performing is to look at how much Canadians are spending. Yet across the Canadian economic landscape, there is a lack of readily available consumer spending data. With that in mind, we created the Index of Consumer Spending for provinces and for Canada as a whole. This unique Index 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. This index is intended to inform senior policy makers how the country and the provinces are doing. Updates on this index will be released monthly.

The ICS captures credit card and debit card transactions only. Cash purchases, along with other forms of financing, are not represented in the data.

Disclaimer

Forecasts and research often involve numerous assumptions and data sources and are subject to inherent risks and uncertainties. Visit signal49.ca for our latest insights.