While there were a handful of results that were moderately predicative, for the most part, it’s very difficult to gage where the market stands in relation to a prior time period based solely on official inflation numbers
The Canadian Index of Consumer Confidence (ICC) is an indicator designed to measure consumer confidence, which is defined as the the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending. In Canada consumer confidence is issued monthly by The Conference Board of Canada, an independent research organization, and is based telephone survey of 2,000 households.