Canadian Survey of Consumer Expectations

• April 7, 2025

  Canadian Survey of Consumer Expectations—First Quarter of 2025

  Overall, results of the first-quarter 2025 survey show that the escalating trade conflict with the United States is damaging consumer sentiment. Confidence in the labour market has weakened significantly, and consumers have become more pessimistic about their financial health. Although consumption plans had been improving over the past several quarters, consumers now intend to spend more cautiously given the uncertainty around the trade conflict. They expect the trade conflict to lead to a higher cost of living, and this has pushed up their inflation expectations.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations
• January 20, 2025

  Canadian Survey of Consumer Expectations—Fourth Quarter of 2024

  Results from the CSCE show that consumer sentiment improved this quarter, mainly due to recent interest rate cuts and the expectation of further cuts ahead. Consumers reported stronger spending plans. Still, they reported that high prices of many goods and services, economic uncertainty and elevated housing costs continue to weigh on spending decisions. Consumer confidence in the labour market has weakened and is now slightly below the survey average. Consumers’ inflation expectations have largely returned to historical norms.

  Content Type(s): Publications, Canadian Survey of Consumer Expectations