Index of Consumer Confidence: April 2023

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Index of Consumer Confidence: April 2023

Consumer and Business Confidence

Author: Walter Bolduc


The monthly Index of Consumer Confidence is constructed from responses to four attitudinal questions posed to a random sample of Canadian households.

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This month, we discuss the Bank of Canada’s pause in interest rate increases, the recent federal budget, and what effects they might have on consumers’ confidence.

With improvements in inflation, are consumers starting to feel more positive about their finances? How have people responded to the Bank’s pause in rate hikes? Will the federal budget’s actions towards inflation relief and a greener economy boost confidence?

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