Canada’s Confidence in Economic Outlook Hits 18-Month Low
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Canadians’ sense of optimism about the economy slid to the lowest in 18 months amid concern the global recovery may be losing steam, polling data show.
The share of Canadians who think the economy will improve over the next six months dropped to 16.3 percent in the week ended Oct. 17, the lowest since April 2013, according to the Bloomberg Nanos Canadian Confidence Index. Gauges of sentiment about personal finances and real-estate prices also fell, while a measure of job security was little changed. The survey-based index’s broad confidence reading declined to 58.4, the third straight weekly drop, from 59.2.