Canada’s Consumer Confidence Sees Only Minor Improvements in May: Index of Consumer Confidence—May 2024

Canada’s Consumer Confidence Sees Only Minor Improvements in May: Index of Consumer Confidence—May 2024

Business and Household Indicators
8 min read

Author: Walter Bolduc

$335.00

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 continue to examine consumers’ level of optimism regarding current and future finances and job prospects.

What factors might affect the Bank of Canada’s likeliness of implementing an interest rate cut in June? Will wildfire season continue to curb Western Canadians’ confidence this summer?

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