Bank Of Canada Releases Canadian Survey Of Consumer Expectations, Fourth Quarter Of 2025

10:48 AM EST, 01/19/2026 (MT Newswires) -- The Bank of Canada Monday released the Canadian Survey of Consumer Expectations, for the fourth quarter of 2025, highlighting that concerns over high prices and economic uncertainty related to the trade conflict continue to have a negative impact on consumers.

In an Overview, the BoC noted in this quarter's survey consumers also perceived a higher likelihood of missing a debt payment and a slightly greater chance of losing their job. In this context, consumers reported weaker spending plans. "Still," the BoC said, "they perceive a greater chance than last quarter of finding a job or voluntarily leaving their job."

The BoC noted expectations for near term inflation remain higher than they were before the pandemic, while those for long term inflation eased below pre-pandemic levels. Tariffs are still the most frequently cited driver of inflation, although a little less so than last quarter, it said.

Overall, the BoC said, the Canadian Survey of Consumer Expectations (CSCE) indicator declined slightly and remains subdued in the fourth quarter. A modest deterioration in financial health and household spending intentions contributed to this drop, while labour market conditions improved slightly from low levels.

The CSCE was conducted through an online panel from Oct. 30 to Nov. 18, 2025. Follow up phone interviews took place from Nov. 21 to 27, 2025.

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