Index of Consumer Confidence: November 2022

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Index of Consumer Confidence: November 2022

Consumer and Business Confidence
10 min read

Author: Momanyi Mokaya  


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 consider the effects of high borrowing costs, gas prices, and shelter costs on Canadian households’ consumer confidence.

With higher interest rates baked into future borrowing costs, how are Canadians feeling about big-ticket spending right now? Is high inflation going into the festive season increasing Canadians’ pessimistic outlook on both current and future finances? Which regions are seeing the most confidence regarding job prospects?

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