Households Remain Resilient, but for How Much Longer? Index of Consumer Spending—April 2023

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Households Remain Resilient, but for How Much Longer? Index of Consumer Spending—April 2023

Business and Household Indicators
5 min read

Author: David Ristovski

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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.

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This month, we look at the effects of employment growth, lower inflation, and still-high food prices on consumer spending growth in Canada.

Are Canadians spending less year over year? How did consumer confidence affect spending in March? We share our findings for the week of February 26 to the week of March 26, considering the situation in each province and territory.

Read the online experience to get our full analysis.

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