Thursday, August 28, 2025

Canadian Consumer Confidence Soars to New Record Amid Strong Vaccine Rollout

Consumer sentiment among Canadians has risen to a new record-high, as provinces across the country lift public health restrictions and economic output regains momentum.

The latest Bloomberg Nanos Canadian Confidence Index rose to 66.42 for the week ending on July 2, marking the highest reading on records dating back to 2008. On average, the reading has hovered at an average of 56, and has never exceeded the 63 mark until recent. Consumer sentiment has been steadily increasing since the beginning of spring, as Canada’s vaccine rollout continues to gain momentum.

The jump in sentiment was largely broad-based, as the survey’s respondents reported elevated optimism regarding the economy’s outlook, real estate expectations, and job security. Nearly 54% of Canadians anticipate that the economy will be stronger in the next six months, marking the highest proportion for the question on record. The housing market is also slated for added optimism, as 59% of respondents expect the value of housing properties in their neighbourhood to rise. At the same time, Approximately 70% of Canadians said that their job is at least somewhat secure.

The latest survey results will increase confidence levels among economists and policy makers, as Canadian households are now more likely to spend on goods and services as the economy reopens. According to a recent Bank of Montreal report cited by Bloomberg, households across Canada have amassed a combined estimated $220 billion in savings throughout the pandemic, which is in addition to the $2 trillion in wealth effects as a result of the increase in property values.


Information for this briefing was found via Nanos Research and Bloomberg. 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

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

Related News

Consumer Sentiment Among Canadians Enters Standstill As 51% Anticipate Economy Will Contract Once Again

Following the Federal Government’s pledge for additional emergency spending in face of the coronavirus pandemic,...

Monday, October 5, 2020, 03:16:39 PM

Canadian Consumer Confidence Soars to Highest Since 2019 Amid Easing of Restrictions

With lockdown restrictions beginning to ease across several Canadian regions, consumers are becoming more optimistic...

Thursday, February 25, 2021, 10:04:00 AM

US Consumer Confidence Plummets Amid Renewed Inflation Fears

US consumer sentiment sharply declined at the beginning of May, as an increasing number of...

Sunday, May 16, 2021, 12:46:00 PM

US Consumer Sentiment Slumps to Decade-Low Amid Surging Inflation

US consumer sentiment fell to the lowest in over a decade in February, as Americans’...

Tuesday, February 15, 2022, 04:38:00 PM

US Consumer Confidence Plummets to Decade-Low Amid Worsening Inflation Fears

US consumer sentiment fell to the lowest in 10 years, as Americans become increasingly concerned...

Saturday, November 13, 2021, 03:08:00 PM