Consumer Gloom Deepens on Economy Outlook After Canada Rate Cut

The Bank of Canada’s decision to lower borrowing costs last month is deepening household concern that the economy is in for a rough ride, polling suggests.

The share of Canadians who predict the national economy will weaken over the next six months rose to 41.5 percent last week, the highest since the 2009 recession and up from 36.1 percent a week earlier, according to Nanos Research. It was the first full week of polling since the central bank made its surprise cut on Jan. 21.