With increased interest rates and even higher ones on the horizon, only 11 per cent of survey respondents believe that now is a good time to purchase large-ticket items. This is a slight decrease from last month’s outlook.
Many households continue to feel inflation’s grip, with optimism over current finances gaining only 1.3 percentage points. Meanwhile, the share of those holding a pessimistic view of their current finances remained relatively constant at 33.4 per cent.
Concerns over households’ future finances declined by 0.5 percentage points this month. This decrease in trepidation is likely due to cautious optimism and lower price growth.
The share of confidence in future job prospects decreased by a percentage point this month, with only 15.8 per cent of Canadians surveyed—the lowest this year—positive that more job opportunities will be available six months from now.
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