Slower Population Growth Softens Spending: Canada’s Five-Year Outlook: Household Consumption—November 2024

Slower Population Growth Softens Spending: Canada’s Five-Year Outlook: Household Consumption—November 2024

Canadian
10 min read

Author: Kiefer Van Mulligen

$225.00

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on household consumption. For an overview of all major components of the economy, go to the Canadian Outlook main page.

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This quarter, we look at the effects of population growth, shelter costs, and summer interest rate cuts on Canadians’ household consumption.

When will the consumer price index sustainably reach the Bank of Canada’s 2.0 per cent target rate? Is the cumulative financial stress of the last few years lingering? This research looks at the major factors affecting Canadians’ household consumption and provides a forecast for household spending and saving.

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