July 4, 2022
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July 4, 2022
This survey took place between April 28 and May 13, 2022. Follow-up interviews took place in June. Consumers’ expectations for inflation have risen, alongside concerns about prices for food, gas and rent. Short-term expectations are at record-high levels. Long-term inflation expectations increased significantly in the second quarter of 2022, returning to the levels they were at before the COVID-19 pandemic. Most people believe the Bank of Canada can achieve its inflation target. However, some think the process of bringing inflation down will be difficult for the Bank of Canada. Expectations for higher inflation and rising interest rates weigh on consumer confidence. People expect that credit conditions will worsen and wage growth will not keep up with inflation. Flexible work arrangements could attract more people into the labour force.
Canadian Survey of Consumer Expectations—Second Quarter of 2022
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Canadian Survey of Consumer Expectations
June 22, 2022
Deputy Governor Timothy Lane to Retire from the Bank of Canada
The Bank of Canada announced today that Deputy Governor Timothy Lane will retire on September 16, 2022.
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June 14, 2022
The Bank of Canada Museum is honouring two outstanding educators with a new award that recognizes exemplary work in teaching students about the economy.
The Bank of Canada Museum announces recipients of new Award for Excellence in Teaching Economics
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June 9, 2022