Economics
Consumer Confidence Turns Positive in Canada on Broad Upswing
- Sentiment increases are widespread among regions, ages
- Improvement comes amid jobs gain, other signs of recovery
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Consumer sentiment in Canada turned positive for the first time since the coronavirus pandemic, with widespread gains across regions and age groups.
The Bloomberg Nanos Canadian Confidence Index, a composite measure of financial health and economic expectations, climbed to 51 last week, from 49.8 a week earlier. A reading above 50 indicates a net positive balance of responses.