Canadian Survey of Consumer Expectations-Fourth Quarter of 2021

Even before the Omicron variant began to spread in Canada, the shift back to pre-pandemic spending patterns may have been slowing. The share of consumers expecting to spend more on in-person services, such as dining in restaurants and travelling, remained positive but softened in the fourth quarter of 2021 (Chart 10). This may reflect a return to normal spending on in-person services after a period of elevated spending that began when some pandemic containment measures were lifted in the summer. As well, in follow-up interviews, respondents said they are limiting their plans to travel, especially abroad. They cited a lack of clarity about COVID‑19 restrictions and concerns about frequent changes.

At the same time, the share of respondents expecting to spend more on goods (such as groceries, furniture, appliances, cars) increased significantly. Some said that as restaurant prices have increased, they have reduced their consumption of restaurant meals and are now spending these savings on groceries.

Supply chain issues, including shipping delays caused by flooding in British Columbia, are limiting consumers’ shopping choices. In interviews, people noted that they often see empty shelves at grocery stores and generally find less selection than usual for products. They also reported recently experiencing delivery delays for online purchases; as a result, they are shopping locally more often.