Canadian Consumer Confidence Jumps to Record-High Amid Strong Vaccine Rollout

Consumer confidence appears to be accelerating across Canada, amid the ongoing vaccine rollout that is seeing more and more Canadians getting inoculated against Covid-19.

According to the latest Bloomberg Nanos consumer confidence survey, about 45% of Canadians polled anticipate that the economy will be stronger over the next six months, marking the highest reading since 2009. This pushed the overall confidence index to a new record of 64.6.

Although a number of key regions across are still under some form of Covid-19 restrictions, Canada’s economic outlook appears to be more optimistic in May, as the ongoing vaccination program gains more traction. In addition, the broad reopening of the US economy has also contributed to the spike in consumer confidence among Canadians.

Attitudes about job security remained relatively unchanged, as nearly 70% of those surveyed said their employment is somewhat secured. Confidence levels improved across all major geographic regions in Canada, aside from Quebec, which reported a slight decrease.


Information for this briefing was found via Nanos Research. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

US Urges Canada to Increase NATO Military Spending ‘As Rapidly As Humanly Possible’

Jake Sullivan, US President Joe Biden’s national security adviser, has called on Canada and other...

Tuesday, August 27, 2024, 08:02:10 AM

Federal Government Proposes to Extend CERB Program, Could Cause Current $60 Billion Budget to Double

In response to the financial hardships many Canadians suddenly faced in wake of the coronavirus...

Thursday, June 11, 2020, 05:57:00 PM

Freeland Resigns As Finance Minister Ahead Of Fall Economic Statement Release

Chrystia Freeland has resigned from Justin Trudeau’s Liberal Cabinet, announcing this morning that Trudeau on...

Monday, December 16, 2024, 09:32:07 AM

Countries Urge Citizens to Leave Lebanon Quickly Following Hamas Senior Leader’s Assassination in Beirut

Germany has issued a new travel advisory urging its citizens to leave Lebanon as quickly...

Thursday, January 4, 2024, 03:49:00 PM

US, Canada Among The Slowest In Mine Development Timelines, New Report Shows

A recent report by S&P Global reveals that the United States has the second-longest average...

Saturday, July 27, 2024, 09:22:00 AM