Consumer Confidence is Reaching Pre-Pandemic Levels

The Bloomberg Nanos Canadian Confidence Index, a composite measure of financial health and economic expectations, shows consumer confidence is at the highest point since mid-march. This means it has made up more than four-fifths of its losses from the height of the pandemic.

A summary of this week’s survey shows about 29% of respondents saying their finances have worsened over the past year. This compares to the 42% at the height of the pandemic and the 27% recorded before the pandemic took place. 

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