Economics
Trudeau Faces Fresh Election Hurdle After Consumer Worries Jump
- Confidence index falls most since April 2020 as polls tighten
- Slump undermines Liberal advantage ahead of Sept. 20 vote
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Canadians reported the sharpest one-week decline in confidence since the depth of the pandemic last year, another worry for Prime Minister Justin Trudeau’s struggling campaign for re-election.
The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on household polling, fell 1.6 points to 62.6 last week. That’s the biggest weekly decline since April 2020. The index is down almost four points since hitting a record high in July.