Economics
Slump in Canadian Consumer Confidence Shows No Sign of Reversing
- Bloomberg Nanos sentiment gauge hovers near two-year lows
- Signs of anxiety come as Trudeau seeks re-election in October
Photographer: Ben Nelms/Bloomberg
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A one-year slide in Canadian consumer confidence showed little sign of improving in January, with sentiment levels hovering at depressed levels amid turmoil in financial markets and signs the nation’s economy has hit a soft patch.
The Bloomberg Nanos Canadian Confidence Index, based on weekly telephone polling, ended the month at 54.2, little changed from average readings since the end of November that are near the lowest in almost two years.