Eleven of Thirteen Provinces and Territories Had Increased Spending in April: Index of Consumer Spending—June 2024

Name: Eleven of Thirteen Provinces and Territories Had Increased Spending in April: Index of Consumer Spending—June 2024
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Canadian Economics

June 17, 2024

Business and Household Indicators

2 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 112.4 points in April, a 7.6-point increase from March (the month of April 2022 = 100). This online experience highlights the average increase in spending among Canada’s provinces and territories. We share our findings for the month of April, considering the situation in each province and territory.

Eleven of 13 provinces saw increases in their April ICS scores. Which regions saw the largest increase and which the smallest? What are the main reasons for the overall increase in the index?

Has the addition of more jobs in April impacted the index?

Read the online experience to get our full analysis.