Canadian consumer confidence in the economy at lowest level in almost five years
The weekly Bloomberg Nanos Canadian Confidence Index shows that the percentage of respondents who think the economy will be worse in six months from now was up to 65.20 last week, the highest it’s been since June 2020, as the pandemic was raging. The score for those that believe the economy will improve by the fall was little more than 10.
“Consumer confidence continues to decline largely on negative views on the future strength of the Canadian economy which has neared a high not seen since the global pandemic in June 2020,” said chief data scientist Nik Nanos.
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