Saturday, July 5, 2025

Consumer Confidence Among Canadians Finally on the Rise Since Beginning of Pandemic

It appears that consumer sentiment has finally begun to increase across almost all age groups and regions in Canada, after falling sharply following the onset of the coronavirus pandemic.

According to the Bloomberg Nanos Canadian Confidence Index, which broadly measures Canadian’s forthcoming expectations of the economy as well as financial wellbeing, consumer sentiment increased by 1.2 points to 51 in the previous week. Such a relatively high reading has not been recorded since March 20, which is just before nation-wide lockdowns were mandated in order to impede the spread of the coronavirus.

Moreover, Nanos Research also surveyed a total of 250 Canadian consumers to gauge their opinions on job security, personal finances, as well as their perspective on the direction of the country’s economy. Attitudes that Canada’s economy will be more susceptible to volatility finally fell to 49.7%, the lowest it has been since March.

In the meantime, sentiment regarding the real estate market appears to be on the rise, as 31.6% more Canadians anticipate that home values will increase within the next six months – which comes as a significant development considering that in May the sentiment was at a mere 9%.

Information for this briefing was found via 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

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

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

Canada’s Surging Housing Market Continues to Push Consumer Confidence to Record-High

For the third straight week, consumer confidence among Canadians soared to a record-high, as sentiment...

Saturday, April 10, 2021, 11:58:00 AM

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

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