Economics

Consumers Still in a Rut as Soft Economy Adds to Trudeau’s Woes

  • Canadian PM also embroiled in controversy over SNC-Lavalin
  • Any further slowdown could heighten risks for re-election bid
Canadian Economic Momentum to Increase in 2019, RBC Economist Desjardins
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The bad news just keeps coming for Canadian Prime Minister Justin Trudeau.

Confidence among consumers remains sluggish -- well below the 12-month average on widespread expectations the economy will stagnate or weaken, telephone polling shows. Canadians are more confident in their job security than they have been in years, but that hasn’t extended into better personal finances or optimism about the housing market.