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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.
This month’s Index of Consumer Spending decreased across all provinces and territories except for Nunavut.
How did the national unemployment rate contribute to lower consumer spending in August? What effect is declining inflation concerns having on wage growth? For how much longer will high interest rates for mortgages dampen consumer spending?
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