Index of Consumer Spending for October 2025

Index of Consumer Spending for October 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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The Index of Consumer Spending (ICS) edged up to 116.8 points in October, a modest 0.6 per cent increase from September (April 2022 = 100). This slight improvement follows two months of decline, reflecting mixed regional performance and cautious household spending patterns.

Which provinces recorded the strongest gains in October? Which saw declines in the ICS? What did the employment picture and wage growth look like? And which categories saw stable growth and which experienced muted or softened growth?

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