Slide in consumer confidence abates concurrent with Canada dropping retaliatory tariffs. (Bloomberg/Nanos)

A multi-week decline in Canadian consumer confidence abated concurrent with Prime Minister Carney lifting retaliatory tariffs against the United States.  That said, Canadians are still over two times more likely to believe the Canadian economy will get weaker rather than stronger in the next six months.

– Nik Nanos, Chief Data Scientist

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,009 respondents in Canada. This report is based on the four waves of tracking ending August 29th, 2025. The margin of error for a random survey of 1,009 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.