Bank of Canada: Canadian Survey of Consumer Expectations—Fourth Quarter of 2024
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Canadian Survey of Consumer Expectations—Fourth Quarter of 2024 Monday 20 January 2025 10:30 AM UTC+00 Results from the CSCE show that consumer sentiment improved this quarter, mainly due to recent interest rate cuts and the expectation of further cuts ahead. Consumers reported stronger spending plans. Still, they reported that high prices of many goods and services, economic uncertainty and elevated housing costs continue to weigh on spending decisions. Consumer confidence in the labour market has weakened and is now slightly below the survey average. Consumers' inflation expectations have largely returned to historical norms. |
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