Trudeau Child Benefits Buoy Consumer Confidence as Worries Mount
- Canada sentiment index nears 2016 high on personal finances
- Clouds on horizon with job security at lowest in 2 1/2 years
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New government child payments and financial-market gains are sustaining Canadian consumer sentiment, even amid signs of deeper concerns for households, telephone polling suggests.
The Bloomberg Nanos Canadian Confidence Index climbed to 57.5 in the week ended July 22, the third straight gain. Improved scores around personal finances drove the increase, buttressing a worsening outlook for job security. The index is derived from survey responses on personal finances, job security and the outlook for the economy and real estate prices.