Economics
Consumer Confidence in Canada Hits 16-Month High on Reopenings
- Bloomberg Nanos sentiment gauge rises to highest since 2019
- Canadians more optimistic over economic outlook, real estate
People line up to pick up their online purchased items at a shopping center in Mississauga, Canada, on Jan. 12.
Photographer: Zou Zheng/Xinhua/Getty ImagesThis article is for subscribers only.
The easing of lockdown restrictions in Canada is propelling a surge in consumer confidence levels.
The Bloomberg Nanos Canadian Confidence Index, a gauge of household sentiment, jumped last week to the highest since October 2019 after the country’s two largest provinces -- Ontario and Quebec -- began to unwind containment measures.