From bankofcanada.ca

Consumers’ perceptions of current inflation and expectations for inflation over the next 12 months were little changed, while two-year-ahead expectations rose slightly (Chart 1, blue, yellow and green lines). Near-term expectations remain above levels seen before the start of trade tensions. Expectations for inflation over the next five years edged up after easing in recent quarters (Chart 1, red line). The share of consumers expecting inflation to be above 3% over the next 12 months increased slightly from last quarter (Chart 2, red and orange bars). Consumers continued to cite tariffs and trade tensions as the ... (full story)