Economics
Canadian Consumer Confidence Falls to 14-Month Low on Inflation
- There’s a surge in people who expect the economy to weaken
- War, rate hikes and worsening personal finances hit sentiment
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Canadian consumer sentiment tumbled to its lowest level in more than a year as Russia’s invasion of Ukraine and surging inflation cloud the economic outlook, weekly polling data suggest.
The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on weekly polling, fell to 56.3 last week, the lowest reading since January last year. The gauge is down more than three points since the end of February.