This month’s index reflects the less optimistic attitude Canadian households have toward the economy as a whole. Despite easing inflation and lower key interest rates, concerns about the labour market and about potential changes to U.S. trade policies have created uncertainty in all regions of Canada.
Overall, the index shows a mix of optimism and pessimism in how consumers viewed their current and future finances. In responses to questions about current and future finances, Alberta showed an increase in both while B.C. and Quebec showed declines in both. The other regions—Atlantic region, Ontario, and Saskatchewan–Manitoba—presented mixed opinions.
What is contributing to the sense of financial insecurity among Canadians? Why, if the labour force is growing, is unemployment rising? How has the lower inflation rate affected consumer confidence? How has threatened U.S. trade policy changes affected respondents’ opinions about finances?
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