Story perspectives

Canadian Consumer Confidence Hits Yearly Low Amid Economic Concerns

4/8/2026

Summary

Story summary

Canadian consumer confidence fell to 46.93 on the Bloomberg Nanos Canadian Consumer Confidence Index, the lowest in a year, pressured by the war in Iran and higher energy prices.
Deloitte's spring outlook projects 1.2% growth for 2026, down from 1.7% in 2025, citing conflicts and trade uncertainties.
The labor market remains weak, at 6.7% unemployment.
Construction activity slows in Toronto and Vancouver due to high costs and rising unsold inventories.

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Story summary

Canadian consumer confidence fell to 46.93 on the Bloomberg Nanos Canadian Consumer Confidence Index, the lowest in a year, pressured by the war in Iran and higher energy prices.
Deloitte's spring outlook projects 1.2% growth for 2026, down from 1.7% in 2025, citing conflicts and trade uncertainties.
The labor market remains weak, at 6.7% unemployment.
Construction activity slows in Toronto and Vancouver due to high costs and rising unsold inventories.