Prairies Consumer Confidence
According to the Conference Board of Canada, consumer confidence in the Prairies fell again in May 2024.
Concerning job prospects over the next six months, the number of respondents expecting stability ticked higher in May as the number of respondents who expressed uncertainty continued to decline.
Regarding expectations for their household budget over the next six months, the number of respondents expecting stability in their household finances moved lower compared to the previous month while the number of respondents expecting conditions to deteriorate rose.
Sentiment about making major purchases, like a home or a car, remains at historically subdued levels. The overall percentage of consumers who thought it was a bad time to make a major purchase moved higher in May compared to the previous month as the number of those who thought it was a good time to do so trended downward.
Note: Based on 3-month moving averages.
