Indicators
Consumer Sentiment in Canada Falls to Lowest Since Covid Crisis
- Index drops for 7th straight week to weakest since June 2020
- Souring sentiment amplifies odds of a coming downturn
Canadian consumer confidence fell to the lowest on record outside of the last two economic crises, raising the odds of a recession.
Photographer: Brent Lewin/Bloomberg
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Canadian consumer confidence fell to the lowest on record outside of the last two economic crises, raising the odds of a recession.
The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on weekly polling, declined for a seventh straight week and is now at the weakest this year.