Economics
Rally in Canadian Consumer Confidence Fades on Economic Concern
- Nanos: positive trend in sentiment is ‘beginning to flatten’
- Recovery is entering more difficult phase as winter approaches
This article is for subscribers only.
The swift recovery in Canadian consumer confidence over the summer has petered out, weighed down by concern around the economic consequences of a second wave of Covid-19 as cooler weather approaches.
The Bloomberg Nanos Canadian Confidence Index, a composite measure of financial health and economic expectations, was unchanged at 52.7 last week. The stall reflects waning optimism about the economic outlook.