Canada’s Five-Year Household Consumption Outlook—August 2025

Canada’s Five-Year Household Consumption Outlook—August 2025

Business and Household Indicators Canadian Economic Analysis
15 min read

Author: Kiefer Van Mulligen

$225.00

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on household consumption. For an overview of all major components of the economy, go to the Canadian Outlook main page.

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Grappling with Uncertainty Amid Trade Turmoil

The tariff uncertainty due to the Canada–U.S. trade conflict is unrelenting and, while the Index of Consumer Confidence has improved slightly since the record low in March, sentiment remains depressed.

What will be the impact of consumer expectations about price increases? How is the trade conflict affecting the labour market? What are the downside risks for household finances? How have Canadians’ travel plans changed in the current environment?

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