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Canadian Consumer Confidence Hits 8-Week Low on Trump’s Nafta Push

  • Sentiment on personal finances weakens for 8th straight week
  • Economic pessimism has climbed steadily since November: Nanos
Shoppers pass in front of a store in downtown Montreal, Quebec, Canada.
Photographer: Christinne Muschi/Bloomberg

Canadian household confidence fell to the lowest since early December, weekly telephone polling showed, as U.S. President Donald Trump moved forward on his pledge to renegotiate the North American Free Trade Agreement.

The Bloomberg Nanos Canada Confidence Index fell to 56.1 in the period ended Jan. 27, which coincided with Trump’s first full week in office. Pessimism about the economic outlook and personal finances deepened.