Confidence drops to its lowest point since the start of the pandemic: Index of Consumer Confidence—August 2023

This month, based on the resurgence of inflation, we examine the respondents’ level of confidence in the Bank of Canada.

Are they apprehensive about another rate hike by the Bank? Do respondents believe the Bank can efficiently steer inflation back to the targeted range? Unemployment increased to 5.5 per cent in August. What has been the impact on consumers’ job outlooks? Do provincial respondents perceive their current and future finances as improving or deteriorating?

Read the online experience to get our full analysis.