Optimism Rises Among Consumers

Canadian consumer confidence is rising as COVID-19 vaccinations accelerate and optimism builds for an economic reopening, says a Nanos Research Group poll. Almost 45 per cent of Canadians say they think the economy will be stronger in the next six months. That’s the highest reading of consumer confidence since 2009, lifting the overall confidence index to a record of 64.6. Though large portions of Canada remain under COVID-19 restrictions, views on the economic outlook have improved in May as more Canadians get inoculated. The broad reopening of the U.S. economy is another source of optimism. Confidence improved in all geographic regions of Canada except Quebec, which reported a slight decline.