The most recent week of tracking had only 10.65 percent of Canadians reporting their personal finances are better off than a year go. This ties a record low since our consumer confidence tracking began back in 2008. This current mood related to personal finances is worse than during either the Global Financial Crisis in 2008 or the 2020 Pandemic Recession.
– Nik Nanos, Chief Data Scientist
Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,049 respondents in Canada. This report is based on the four waves of tracking ending September 12th, 2025. The margin of error for a random survey of 1,049 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.