October 16, 2023
The Canadian Survey of Consumer Expectations (CSCE) is a quarterly survey aimed at measuring household views of inflation, the labour market and household finances, as well as topical issues of interest to the Bank of Canada.
The CSCE also provides data by age, geography, income and education.
- Canadian Survey of Consumer Expectations—Overview
- Canadian Survey of Consumer Expectations—References
- Canadian Survey of Consumer Expectations—Survey Data
Note: The survey results summarize opinions expressed by the respondents and do not necessarily reflect the views or policies of the Bank of Canada. The method of sample selection ensures a good cross-section of opinion, which is representative of the Canadian population.
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Latest Survey of Consumer Expectations
June 30, 2023
Inflation expectations for one to two years ahead have come down again but remain well above their levels from before the COVID-19 pandemic. The higher cost of living is the most pressing concern for consumers, and along with elevated interest rates, continues to constrain most households’ spending. Homeowners who are planning to renew their mortgage over the next two years and who expect significantly higher payments are likely to plan spending cuts. Some households though are starting to think the worst is behind them. Consumer confidence about the future of the economy has improved alongside their lower inflation expectations. Expected lower interest rates and strong immigration, which boosts housing demand, are behind consumers’ view that housing market will increase over the next year. Workers remain confident about jobs.
Canadian Survey of Consumer Expectations—Second Quarter of 2023
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations
April 3, 2023
Results in the first quarter of 2023 show that consumer expectations for inflation one to two years ahead fell but remain elevated, particularly for services. Consumers, especially indebted households and equity-deserving groups, are facing financial pressures and limits on their spending due to high inflation and increasing interest rates. Consumers expect to spend less on discretionary services, such as travelling and eating out. Canadians continue to anticipate a recession in the next 12 months. Many are uncertain about where the economy and job markets are going. Despite this, workers still see the labour market as strong and expect wage growth to increase.
Canadian Survey of Consumer Expectations—First Quarter of 2023
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Publications,
Canadian Survey of Consumer Expectations
January 16, 2023
Results of the fourth-quarter survey show that consumers have reduced their purchases of a broad range of goods and services in response to rising inflation and increases in interest rates. High food prices are a particular source of frustration for households. Most consumers anticipate a mild or moderate recession in the next 12 months. And although labour markets continue to be strong, some early signals suggest consumers think this strength will fade. Meanwhile, short-term inflation expectations remain elevated this quarter, but consumers have varied opinions about where inflation will be in five years. More people than before the pandemic expect deflation.
Canadian Survey of Consumer Expectations—Fourth Quarter of 2022
Content Type(s):
Publications,
Canadian Survey of Consumer Expectations