Wednesday Mar 30th, 2022


Canadians’ confidence towards the economy, the housing market, and their finances has been labouring under prolonged “negative pressure”, according to polling by Bloomberg and Nanos Research released last week.

“The past three weeks have shown some negative pressure on Canadian consumer confidence. The proportion of Canadians who report their personal finances [are] worse off has increased to a level not seen since July 2020, nearer the beginning of the pandemic,” said Nik Nanos, chief data scientist at Nanos Research.

The Bloomberg-Nanos composite weekly measure of financial health and economic expectations deteriorated to 57.14 versus the 58.79 seen four weeks prior, with the 12-month high at 66.42.

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