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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.
There was a methodological change beginning with the November release. Please refer to the About Index of Consumer Spending section for additional details.
In this issue, we examine the changes in index scores that occurred up to November 11, 2023. What has caused the monthly decreases in Canada’s ICS? In which provinces/territories did the ICS grow and in which did it decline? And which province/territory had the largest decline in its ICS?
Read the online experience to get our full analysis.
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