Regulatory Alerts2026-07-06
Added · Updated
Canadian Survey of Consumer Expectations—Second Quarter of 2026
The Bank of Canada released the second-quarter 2026 Canadian Survey of Consumer Expectations, revealing that near-term inflation expectations remain elevated above pre-trade-tension levels with tariffs and energy prices cited as primary drivers. Consumer spending intentions weakened as households anticipate that the war in the Middle East will significantly raise inflation, leading to reduced discretionary purchases and increased reliance on cheaper essentials. While concerns about job loss eased, particularly in trade-exposed sectors, perceptions of the labour market remain subdued due to ongoing economic uncertainty and fears regarding artificial intelligence.
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