Consumer confidence hits a two-year high concurrent with rate cut announcement (Bloomberg/Nanos)

Consumer confidence has hit a numeric score not seen since May 2022.  This weekly tracking score has occurred concurrently with a cut in interest rates from Canada’s central bank.

-Nik Nanos, Chief Data Scientist

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,120 respondents in Canada. This report is based on the four waves of tracking ending September 6th, 2024. The margin of error for a random survey of 1,120 Canadians is ±3.0 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.