Majority of Canadians brace for rising inflation amid Bank of Canada rate hike considerations
A recent poll conducted by the Nanos Research Group for Bloomberg News has revealed that a majority of Canadians anticipate higher inflation in the near future. The survey results, published on October 6, 2026, indicate that public expectations are aligned with the Bank of Canada's ongoing considerations regarding potential interest rate hikes.
According to the poll, about two-thirds of respondents foresee inflation rising, while only 7% believe it will decrease. This sentiment reflects growing concerns among the populace about the economic outlook and the potential impact of inflationary pressures.
The findings come as the Bank of Canada weighs its next steps in monetary policy, with officials likely to factor in public expectations when making their decisions. The poll highlights a significant shift in consumer confidence, with a notable portion of the population bracing for higher costs.