Three in five Canadians say that they are confident or somewhat confident that the Bank of Canada is still committed to reducing inflation from the current level of 3.4 per cent to its target of 2 percent. The confidence level in the Bank of Canada to reduce inflation has increased noticeably since May 2022, with just over three in five (62%) saying they are confident or somewhat confident compared to about half in May 2022 (49%).
Nanos conducted an RDD dual frame (land-and cell-lines) hybrid telephone and online random survey of 1,055 Canadians, 18 years of age or older, between June 29th and June 30th, 2023, as part of an omnibus survey. Participants were randomly recruited by telephone using live agents and administered a survey online. The margin of error for this survey is ±3.0 percentage points, 19 times out of 20.
The research was commissioned by Bloomberg News and was conducted by Nanos Research.
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