Index of Consumer Spending for July 2025

Name: Index of Consumer Spending for July 2025
SKU: P-01666-R3B2S8
Availability: InStock

Canadian Economics

October 9, 2025

Business and Household Indicators

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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Fewer Jobs in July Means Tighter Budgets

All provinces and territories with the exception of British Columbia and Prince Edward Island saw declines in the Index of Consumer Spending (ICS). As well, consumer confidence continues to struggle in Canada following the economic and trade uncertainty induced by the new U.S. administration.

What was behind the surge in the ICS in Prince Edward Island? Which province saw the largest drop in consumer spending in July? What has been the impact of tariffs on consumer confidence, wages, prices of goods, and job prospects?

Read the online experience to get our full analysis.