Vaccine, Housing Drive Canada Consumer Confidence to 3-Year High

Canadian consumer confidence rose to its highest in more than three years amid optimism that an accelerated vaccine rollout will soon bring an end to the Covid-19 health crisis.

The Bloomberg Nanos Canadian Confidence Index, a gauge of household sentiment, rose last week to the highest since January 2018. After a slow start, Prime Minister Justin Trudeau’s inoculation effort has been picking up speed, with his procurement chief saying in an interview last week it’s “highly likely” the government’s vaccine timeline will accelerate. That’s leading to Canadians being more optimistic about the economic outlook.