Consumer Confidence in Canada

In November 2024, consumer confidence in Canada showed mixed signals. The Conference Board of Canada reported a decrease in its Consumer Confidence Index, which fell to 51.5 points—among its lowest recorded levels. Optimism about current and future finances declined, with fewer respondents believing their financial situations would improve in the near term. Additionally, expectations for job availability worsened, and sentiment around major purchases like homes and cars remained subdued, reflecting the impact of inflation and higher interest rates​