Indicators
Canadians Are Growing Pessimistic About Economy Ahead of Trump’s Return
- Consumer confidence turns negative amid threat of US tariffs
- About 60% say Canadian economy will be weaker in six months
Commuters outside the TD Tower in the financial district of Toronto, Ontario.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Canadians are less optimistic about the direction of their economy than they’ve been in more than a year, as Donald Trump’s tariff threats create uncertainty for one of the largest US trading partners.
The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on weekly polling, extended its declines to reach 49.08, the lowest level since November 2023. A reading below 50 indicates net negative views.