Consumer spending has remained strong despite the Federal Reserve raising interest rates nine straight times
Businesses and consumers expect inflation to remain elevated in the short term and ease within five years
High inflation contributed to consumer anxiety
Changes to office life look permanent, but shifts in workforce do not
Purchasing intentions for big-ticket items cooled slightly
A new survey by the Conference Board of Canada indicates consumer confidence decreased 11.7 points in May
Inflation and the war in Ukraine may curb consumer spending this year
The prolonged, profound pandemic experience may have altered consumers for good, researchers suggest
The index increased in June for the fifth straight month
Economists believe the rising confidence will bolster economic growth