July 2026 Canadian Survey of Consumer Expectations https://www.bankofcanada.ca/?p=254697 Perceptions about current inflation Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? 1-year-ahead inflation expectations Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? 2-year-ahead inflation expectations Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? 5-year-ahead inflation expectations Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? I would spend less than 25% or save it all I would spend less than 25% or save it all I would spend between 25% and 75% I would spend between 25% and 75% I would spend more than 75% I would spend more than 75% I'm not sure I'm not sure No/I don’t know No/I don’t know Yes Yes Aggregate Aggregate Deflation Deflation 0%–1% 0%–1% 1%–3% 1%–3% 3%–5% 3%–5% 5% or above 5% or above 2026Q2 2026Q2 2026Q1 2026Q1 Labour market index Labour market index Financial health index Financial health index Consumer spending index Consumer spending index CSCE indicator CSCE indicator Inflation will be somewhat higher, unchanged, lower or not sure Inflation will be somewhat higher, unchanged, lower or not sure Inflation will be significantly higher Inflation will be significantly higher Inflation will be somewhat higher, unchanged, lower or not sure Inflation will be somewhat higher, unchanged, lower or not sure Inflation will be significantly higher Inflation will be significantly higher 2026Q2 2026Q2 2026Q1 2026Q1 2025Q4 2025Q4 2025Q3 2025Q3 2024Q4 2024Q4 Probability of losing a job Probability of losing a job Probability of voluntarily leaving a job Probability of voluntarily leaving a job Probability of finding a job Probability of finding a job Labour market index Labour market index Sectors less sensitive to trade Sectors less sensitive to trade Sectors highly sensitive to trade Sectors highly sensitive to trade 2.913.032.417.433.1354.987.5926.880.37-0.510.08-0.05 2.082.912.0410.713.5353.604.9527.21-0.060.320.340.610.46-0.55-0.10-0.19 2.512.933.722.037.343.6554.996.7527.27-0.430.370.350.290.28-0.27-1.30-1.29 2.202.753.672.0612.052.0653.556.2326.11-0.040.300.360.620.32-0.37-0.08-0.13 2.182.933.622.038.793.6252.507.6327.46-0.300.310.360.380.36-0.50-0.75-0.89 2.492.893.172.089.153.0652.126.3629.31-0.320.190.210.090.34-0.51-0.78-0.95 2.092.853.322.048.323.1654.636.7427.15-0.060.410.400.740.35-0.31-0.23-0.19 2.082.763.952.047.353.8655.637.1126.050.110.430.270.820.46-0.290.160.33 2.542.943.902.036.963.1155.196.0228.720.100.220.140.460.39-0.270.190.31 2.442.923.832.065.252.9457.176.9927.650.070.330.220.620.40-0.320.120.21 2.202.763.592.057.893.0658.015.2425.800.100.350.180.640.40-0.290.200.30 2.082.753.962.015.675.2556.965.3926.740.120.280.110.510.43-0.300.230.36 2.232.833.622.034.553.5160.256.8324.860.040.320.300.660.44-0.470.160.12 2.713.134.092.434.181.1261.246.0727.390.180.140.120.440.40-0.180.320.54 2.893.324.262.595.681.0056.208.3528.770.160.080.010.250.230.030.240.49 2.933.013.942.455.303.2955.628.6827.100.020.11-0.030.100.05-0.180.190.06 2.542.983.932.277.552.9057.227.3424.990.110.050.140.30-0.020.150.190.32 2.642.993.972.348.022.4454.607.7727.180.030.110.000.13-0.02-0.070.180.09 2.572.973.822.107.043.0156.057.3726.530.070.110.120.29-0.010.070.140.20 2.422.873.912.019.933.7952.985.8927.420.060.160.130.35-0.040.070.150.17 2.232.913.572.077.752.6957.796.4325.330.130.110.070.31-0.050.240.190.39 2.492.943.922.107.544.2252.396.4829.370.160.130.150.440.000.310.160.47 2.753.013.252.0422.203.1135.317.5031.88-0.57-0.34-0.01-0.92-0.71-0.23-0.76-1.70 2.222.953.552.0314.244.5944.196.1230.87-0.23-0.170.13-0.27-0.46-0.18-0.05-0.69 2.863.003.122.0213.132.8143.307.4633.30-0.28-0.150.12-0.31-0.45-0.20-0.19-0.84 2.102.993.732.0110.713.0152.075.7628.46-0.220.030.210.02-0.480.09-0.28-0.66 3.073.003.112.217.081.9545.448.7836.75-0.030.060.100.13-0.180.10-0.01-0.09 3.723.063.093.017.831.9538.2413.7138.260.060.020.000.08-0.210.320.060.17 4.884.103.544.095.612.0122.7215.3554.310.04-0.05-0.12-0.12-0.330.350.100.12 5.074.623.235.035.922.0216.6311.4663.960.07-0.11-0.18-0.22-0.450.490.160.20 6.825.024.006.064.781.2011.967.3174.760.14-0.33-0.40-0.59-0.130.400.160.42 7.115.223.447.968.471.217.945.7276.660.16-0.42-0.64-0.90-0.410.700.200.49 7.185.143.107.949.081.066.876.4476.560.06-0.56-0.68-1.18-0.350.350.170.17 6.014.242.897.1110.991.3210.098.6668.940.14-0.51-0.40-0.76-0.090.330.190.43 5.093.932.897.0214.561.6911.0912.7459.920.15-0.35-0.34-0.54-0.040.350.150.45 5.034.042.756.6011.351.1317.6312.7157.190.14-0.46-0.45-0.76-0.070.370.110.42 4.923.942.625.9012.241.3217.1314.1555.170.03-0.60-0.58-1.15-0.090.120.060.08 4.923.763.125.2513.201.0219.8414.4351.500.11-0.34-0.37-0.60-0.080.320.090.3310.7117.81 4.093.913.205.2412.581.6024.3312.8648.620.01-0.40-0.34-0.73-0.400.390.050.0412.9724.65 3.843.053.034.8217.201.2228.7810.8641.930.03-0.27-0.21-0.45-0.140.170.060.0910.7629.65 3.052.972.993.8918.661.5134.378.2537.21-0.03-0.24-0.08-0.36-0.470.310.06-0.1015.4836.64 4.093.893.393.949.051.1930.3313.5445.89-0.16-0.41-0.17-0.74-0.910.380.05-0.4920.8143.08 4.043.853.453.829.711.7229.6213.9345.02-0.15-0.49-0.43-1.07-0.830.320.07-0.4420.2028.61 4.003.943.673.726.881.7834.3812.9044.07-0.20-0.35-0.30-0.85-0.640.14-0.09-0.5917.7533.48 4.103.983.094.028.331.7331.7510.6547.55-0.11-0.50-0.38-1.00-0.740.310.09-0.3417.6847.90 3.983.573.023.865.771.7536.6911.8143.98-0.13-0.44-0.20-0.77-0.800.310.11-0.3919.1741.04 4.083.973.393.935.732.1131.0715.1745.91-0.07-0.45-0.24-0.76-0.440.200.04-0.2014.6528.78 55.6644.34 18.8810.2311.693.54 -1.81 -0.68 -0.50 26.1029.01 16.625.01 11.3413.00 8.409.96 8.489.95 7.849.62 4.635.61 4.694.71 4.183.46 2.974.08 2.673.18 2.072.41 -0.16-0.88 36.3219.32 16.2922.21 19.6632.54 28.0640.06 29.2642.72 30.8346.88 44.4243.5542.6244.2938.29 32.5832.0730.3034.7821.48 17.6618.7618.2817.3217.95 10.0210.2910.8710.559.58 8.9410.269.6111.339.04 9.178.808.839.749.66 8.698.278.388.876.58