Canadian Job Security Falls to 10-Month Low, Nanos Poll Shows

Canadians’ job security has fallen to the lowest in 10 months as firings in the energy and retail industries damp confidence.

The percentage of households who say their jobs are at least somewhat secure fell to 67.4 percent last week, according to polling by Nanos Research Group. That’s down for a fifth week and the lowest since August.

Every week, Nanos Research asks Canadians for their views on personal finances, job security, the outlook for the economy and where real estate prices are headed. This is what the survey data, which is compiled for Bloomberg News, captured for the week through June 5:

*The share of Canadians who say their jobs are not secure was 13.6 percent last week. That measurement has averaged 12.6 percent in 2015. Those who are not sure whether their jobs are secure or not secure rose to 19 percent, the highest since January.

*The Bloomberg Nanos Canadian Confidence Index -- a composite gauge of all questions -- fell to 56.3, dropping for a second week.

*The share of Canadians who are predicting a stronger economy fell to 17.3 percent last week, from 18.9 percent. Those predicting a weaker economy was little changed at 27 percent.

*Real estate sentiment was little changed, with the share of Canadians predicting an increase in home prices at 34.4 percent. Those predicting a weaker housing market fell to 15.3 percent, down from 16 percent the previous week.

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