Stock Rout Erodes Canada Consumer Sentiment as Oil Drops

Growing concern about the global outlook that wiped $1.5 trillion from equities last week and sent crude oil to a four-year low is sapping Canadian consumer confidence, polling data suggest.

The Bloomberg Nanos gauge of consumer sentiment fell to 59.2 in the week ending Oct. 10, from 59.6 the previous week and as high as 60.6 in July. Concern about global growth and the end of Federal Reserve bond buying has fueled a selloff in risk assets, with Fed Vice Chairman Stanley Fischer saying that a slowdown outside the U.S. could delay interest-rate increases.