Saturday, July 5, 2025

Latest

Economic Sentiment Among Canadians Declines as COVID-19 Cases Continue to Soar

As an alarming second coronavirus wave overcomes many parts of Canada, the outlook on the economy grows more bleak. According to the Bloomberg Nanos Canadian Confidence Index, which surveys consumers across Canada regarding their personal views on job security, finances, the state of the economy, and real estate prices, the number of Canadians that continue to feel optimistic about future economic expectations is dwindling at an alarming rate.

Only a mere 12.9% of the survey’s respondents foresee Canada’s economy strengthening over the next six months, which is the lowest share since the beginning of May. As a result, the confidence index fell to 51.8 points, after dropping for four consecutive weeks following a post-pandemic high of 53.2 in September. In the meantime, the share of Canadians that believe the economy will weaken over the next six months increased to 56%, thus outnumbering optimists four-to-one.

The deteriorating attitude among Canadians is a reflection of the reintroduction of containment measures in provinces that are seeing an alarming resurgence of the virus, including Ontario and Quebec. The new lockdown measures have lowered the limit on social gatherings, as well as mandated the shutdown of gyms, restaurants, and bars. The number of active cases across Canada has grown to 24,177, which is over double compared to the prior month.


Information for this briefing was found via the Bloomberg Nanos Canadian Confidence Index. 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

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

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

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

Snapshot in Charts: An Economic Collapse?

Hey Now! As a little Friday activity I thought I would go though some of...

Friday, April 3, 2020, 01:22:58 PM

Gold Rallies upto 7% as Central Banks Around the Globe Continue to Print their Way Out of the Coronapocalypse

This morning Gold has rallied approaching 7 year highs. We can see Gold is pushing...

Tuesday, March 24, 2020, 09:41:47 AM

UK Retail Sales Drop by Alarming Levels Amid Economic Lockdowns

The UK is now experiencing similar side-effects from economic shutdowns to that of the US....

Wednesday, April 29, 2020, 08:11:54 AM

Deutsche Bank Proposes 5% ‘Privilege’ Tax on Those Choosing to Work From Home

The coronavirus pandemic has caused significant shifts in the typical office environment, as many employees...

Saturday, November 14, 2020, 04:03:00 PM

QE Infinity Aimed at Everything! Fed Announces New Asset Buying Program

This morning the Federal Reserve announced a series of new programs to help the markets...

Monday, March 23, 2020, 10:18:45 AM