Attitudes Unchanged in High-Uncertainty Climate
Average one-year and three-year inflation expectations were unchanged in May. Canadian consumer confidence remains low amid high uncertainty, largely due to the U.S. administration’s frequent trade policy changes.
With the current economic conditions keeping inflation expectations elevated, what is the labour market’s response, and how will wage growth be affected? When will the full impact of tariff-related price hikes be reflected in the inflation rate? As consumer perceptions of rising costs sway inflation expectations, what is the outlook for key segments like food prices, gasoline, and housing? And how does population growth (or lack thereof) factor in?
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