Canadian consumer confidence is starting to trend in a positive direction. Of note, the Expectations Sub-indice which projects into the future has hit the highest levels not seen since May 2022. Based on the past track record of the index as a leading indicator, this suggests a likely GDP lift in the latter part of 2024.
-Nik Nanos, Chief Data Scientist
Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,032 respondents in Canada. This report is based on the four waves of tracking ending February 9th, 2024. The margin of error for a random survey of 1,032 Canadians is ±3.1 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.
To view the full report, click here.