Economy
Consumer confidence in holding pattern as Canadians await trade discussions

Consumer confidence in holding pattern as Canadians await trade discussions

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,047 respondents in Canada. This report is based on the four waves of tracking ending July 11th, 2025. The margin of error for a random survey of 1,047 Canadians is ±3.0 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

Canadians five times more likely to say decrease rather than increase US financial investments

Canadians five times more likely to say decrease rather than increase US financial investments

Nanos conducted an RDD dual frame (land- and cell-lines) hybrid telephone and online random survey of 1,047 Canadians, 18 years of age or older, between July 2nd and 6th, 2025 as part of an omnibus survey. The margin of error for this survey is ±3.0 percentage points, 19 times out of 20.

A majority of Canadians are confident in Prime Minister Carney’s economic leadership.

A majority of Canadians are confident in Prime Minister Carney’s economic leadership.

In the run-up to a new Canada-U.S. trade and security deal, we asked Canadians across the country for their views of the relationship with the United States, their concerns about a recession, and their level of confidence in Prime Minister Carney’s ability to lead Canada with respect to the economy.

Consumer confidence steady for past eight weeks

Consumer confidence steady for past eight weeks

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,056 respondents in Canada. This report is based on the four waves of tracking ending July 4th, 2025. The margin of error for a random survey of 1,056 Canadians is ±3.0 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

How to grow the economy in a crisis

How to grow the economy in a crisis

We will keep our eyes firmly focused on the trade landscape again this week. U.S. Treasury Secretary Scott Bessent has promised a "flurry" of trade deals ahead of a July 9 deadline that could see global tariff rates increase sharply. Wednesday's deadline applies to all the countries caught up in the so-called Liberation Day tariffs. So, this particular tranche doesn't...

Canadians’ Job Security Gets Shakier as Trade War Harms Growth

Canadians’ Job Security Gets Shakier as Trade War Harms Growth

Canadians are becoming less optimistic about their job prospects as the economy struggles to find momentum.

Optimism reaches a multi-year high as Canadians ease into summer. Carney government maintains strong support, but vote choice remains tight.

Optimism reaches a multi-year high as Canadians ease into summer. Carney government maintains strong support, but vote choice remains tight.

From June 26 to July 2, 2025, Abacus Data conducted a nationally representative survey of 1,500 Canadian adults. Fielded after the House of Commons rose for the summer and the passage of Bill C-5, this latest wave captures public opinion at a moment of political calm and relative confidence. What emerges is a Canadian electorate growing more optimistic, generally supportive...



Nova Scotia, Newfoundland and Labrador, and P.E.I. have highest personal income tax rates in Canada at $50,000 of income

Nova Scotia, Newfoundland and Labrador, and P.E.I. have highest personal income tax rates in Canada at $50,000 of income

Atlantic Canada faces a substantial challenge in the realm of tax competitiveness. Across multiple dimensions of taxation, the region imposes higher tax rates than most other Canadian provinces.

Consumer confidence hits high not seen since November 2024

Consumer confidence hits high not seen since November 2024

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,076 respondents in Canada. This report is based on the four waves of tracking ending June 27th, 2025. The margin of error for a random survey of 1,076 Canadians is ±3.0 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

Statistics Canada says real GDP down 0.1 per cent in April as manufacturing slowed

Statistics Canada says real GDP down 0.1 per cent in April as manufacturing slowed

The Canadian economy edged lower in April as the manufacturing sector posted its largest drop since April 2021 in the face of U.S. tariffs. Statistics Canada said Friday that real gross domestic product edged down 0.1 per cent in April and that its advance estimate for May pointed to a similar decline. TD economist Marc Ercolao said the downside risks...

Canada's Youth Job Market Slumps Most Among Major Economies

Canada's Youth Job Market Slumps Most Among Major Economies

Young Canadians are facing a labor market that has deteriorated faster than in any other major advanced economy.

Defence, aid or trade? Canadians’ shifting international priorities now lean toward economic opportunity

Defence, aid or trade? Canadians’ shifting international priorities now lean toward economic opportunity

Prime Minister Mark Carney is in Europe this week for a NATO summit that has only increased in importance after escalations in the Middle East that have seen Israel, and the United States bomb Iran and Iran retaliate with strikes on Israel and a U.S. base in Qatar. New data from the non-profit Angus Reid Institute finds Carney will have...

Forward-looking Expectations Sub-indice neutral which is its highest score in seven months

Forward-looking Expectations Sub-indice neutral which is its highest score in seven months

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,090 respondents in Canada. This report is based on the four waves of tracking ending June 20th, 2025. The margin of error for a random survey of 1,090 Canadians is ±3.0 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

Forward looking Expectations Sub-indice moves from negative to neutral for the first time in more than six months

Forward looking Expectations Sub-indice moves from negative to neutral for the first time in more than six months

Overall consumer confidence remains marginally positive with the Expectations Sub-indice trending from negative to neutral for the first time in more than six months. Beneath the surface, personal finances showed negative pressure over the past four weeks while the future view on the strength of the economy showed some strength.

Elbows up vs ROI: Amid economic uncertainty most want CPPIB investors to prioritize profits before patriotism

Elbows up vs ROI: Amid economic uncertainty most want CPPIB investors to prioritize profits before patriotism

The Canada Pension Plan Investment Board (CPPIB) ended the fiscal year with net assets of more than $714 billion. Despite the nest egg however, the nation’s largest pension fund has faced criticism in recent months, for its investment strategy that some say doesn’t focus enough on domestic projects. Indeed, as Prime Minister Mark Carney focuses his attention on “nation-building” projects...

One Canadian economy needs one competition policy

One Canadian economy needs one competition policy

Trade policy has dominated headlines since U.S. President Donald Trump’s pressure campaign against Canada started last winter. But the re-elected Carney government in Ottawa, along with its provincial counterparts, has a unique opportunity to use the full breadth of industrial policy to position Canada to succeed – and even thrive – in uncertain global conditions. While traditional industrial policy tools...



A Faint Glimmer of Optimism? Canadians’ Economic Pessimism Wanes Slightly.

A Faint Glimmer of Optimism? Canadians’ Economic Pessimism Wanes Slightly.

Nanos conducted an RDD dual frame land- and cell-lines hybrid telephone and online random survey of 1,120 Canadians, 18 years of age or older, between June 1st and 3rd, 2025 as part of an omnibus survey. The margin of error for this survey is ±2.9 percentage points, 19 times out of 20.

Ottawa's GST rebate on new homes would save typical 1st-time buyer $27K: PBO

Ottawa's GST rebate on new homes would save typical 1st-time buyer $27K: PBO

The parliamentary budget officer says Ottawa's plan to slash the sales tax on housing would save an eligible first-time homebuyer an average of roughly $27,000 off the price of a newly built home. The federal government's fiscal watchdog predicts in a new analysis that a little over 71,000 new builds will quality for GST relief over the lifetime of the program.

Ottawa moves to prop up youth employment in a rough summer jobs market

Ottawa moves to prop up youth employment in a rough summer jobs market

The federal government is moving to shore up a historically weak summer job market for students -- even as one economist argues tough employment prospects for young people suggest broader softness in the job market. Statistics Canada shone a light on the difficult employment prospects for students heading back to school this fall in its May jobs report last Friday

Here is a two-step plan to rebuild Canada’s economy and it isn’t centred on our natural resources

Here is a two-step plan to rebuild Canada’s economy and it isn’t centred on our natural resources

Canada’s premiers and prime minister want the world to know that they are ready to build: pipelines, a revitalized military, new high-speed transit, an energy corridor. But if Canada is to build a truly national economy and to effectively respond to the Trump administration’s economic instability and isolation, it needs a larger, more skilled, and more adaptive workforce.

Consumer confidence marginally positive on real estate and future strength of the economy positivity

Consumer confidence marginally positive on real estate and future strength of the economy positivity

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,079 respondents in Canada. This report is based on the four waves of tracking ending June 6th, 2025. The margin of error for a random survey of 1,079 Canadians is ±3.0 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

There’s no easy road to one Canadian economy. But right this wrong, and it will be a whole lot easier

There’s no easy road to one Canadian economy. But right this wrong, and it will be a whole lot easier

Canada’s leaders are engaged in a lot of national unity talk these days. In the name of responding to Trump’s tariffs, the federal government is rapidly advancing legislation to build ‘One Canadian Economy’ and working with provinces to identify and fast-track projects in the national interest. Building national unity in the face of new challenges and threats is necessary and...

Consumer confidence in marginally positive territory largely on improved sentiment on value of real estate

Consumer confidence in marginally positive territory largely on improved sentiment on value of real estate

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,079 respondents in Canada. This report is based on the four waves of tracking ending May 30th, 2025. The margin of error for a random survey of 1,079 Canadians is ±3.0 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

Canada's economy grows faster than expected in first quarter

Canada's economy grows faster than expected in first quarter

The Canadian economy grew at an annual rate of 2.2 per cent in the first quarter of this year, which is a faster pace than economists were expecting.

Big Innovation in Small Places: Southeast Saskatchewan Demonstrates How Rural Innovators Can Lead Canada’s Economic Transformation

Big Innovation in Small Places: Southeast Saskatchewan Demonstrates How Rural Innovators Can Lead Canada’s Economic Transformation

Canada stands at a critical economic crossroads. From the urgent transition to net-zero emissions, to the pursuit of secure supply chains in critical minerals and energy technologies, to addressing a national productivity crisis, the opportunities for transformation are vast — but remain unevenly distributed.

Consumer confidence continues to improve in wake of Canadian election

Consumer confidence continues to improve in wake of Canadian election

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,081 respondents in Canada. This report is based on the four waves of tracking ending May 23rd, 2025. The margin of error for a random survey of 1,081 Canadians is ±3.0 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

GDP questions loom as Parliament resumes

GDP questions loom as Parliament resumes

The worlds of economics and politics will collide again this week. Parliament is set to resume in a flourish of tradition and grandeur. There will be trumpets and red carpets and a King's speech to start the week. The economic news to wrap the week will be decidedly less celebratory. GDP numbers are going to refocus the conversation on economic...

Canadian consumer confidence rebounds in wake of Carney victory

Canadian consumer confidence rebounds in wake of Carney victory

The BNCCI is produced by the Nanos Research Corporation, headquartered in Canada, which operates in Canada and the United States. The data is based on random interviews with 1,000 Canadian consumers (recruited by RDD land- and cell-line sample), using a four-week rolling average of 250 respondents each week, 18 years of age and over. The random sample of 1,000 respondents...

Inflation slows sharply to 1.7% in April as consumer carbon price ends

Inflation slows sharply to 1.7% in April as consumer carbon price ends

The end of the consumer carbon price at the start of April drove inflation down sharply, but there were signs of pressure building at the grocery store last month. Statistics Canada says the annual inflation rate was 1.7 per cent in April, down from 2.3 per cent in March.

Honda Canada postpones $15-billion EV investment project in Ontario

Honda Canada postpones $15-billion EV investment project in Ontario

Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility. Honda Canada spokesman Ken Chiu says due to the recent slowdown in the EV market, Honda has announced an approximate two-year postponement of the comprehensive value chain investment project in Canada.

Consumer confidence rises with election of Carney government

Consumer confidence rises with election of Carney government

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,259 respondents in Canada. This report is based on the four waves of tracking ending May 9th, 2025. The margin of error for a random survey of 1,259 Canadians is ±2.8 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

Consumer Confidence Rises in Canada After Carney's Election Win

Consumer Confidence Rises in Canada After Carney's Election Win

Canadians are growing more optimistic about the economy, as the conclusion of a national election relieves some anxiety around the country’s direction and US President Donald Trump’s threats.

Powell Gets Support From Bank of Canada’s Macklem Amid Trump Attacks

Powell Gets Support From Bank of Canada’s Macklem Amid Trump Attacks

Bank of Canada Governor Tiff Macklem offered support to Federal Reserve Chair Jerome Powell from US President Donald Trump’s attacks, as the Canadian policymaker called the independence of central banks “sacrosanct.”

After steady decline in consumer confidence, last week showed an uptick (Bloomberg/Nanos)

After steady decline in consumer confidence, last week showed an uptick (Bloomberg/Nanos)

Overall consumer confidence remains in negative territory with a score below 50 on the 100 point diffusion scale in the Bloomberg Nanos Canadian Confidence Index. Compared to four weeks ago three of the four indicators showed an improvement with the exception of positive perceptions of the future value of real estate which continued to register a decline. -Nik Nanos, Chief...

Consumer confidence hits low not seen since December 2022

Consumer confidence hits low not seen since December 2022

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,290 respondents in Canada. This report is based on the four waves of tracking ending April 25th, 2025. The margin of error for a random survey of 1,290 Canadians is ±2.7 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

Can this election reset the Canadian economy?

Can this election reset the Canadian economy?

At the outset of this campaign, I said the election was about a number of things: tariffs and trade and Trump and threats. But at its heart, it was about the economy. Whoever wins this thing will have an incredibly difficult task ahead. Whichever party forms government will have to take immediate steps to grow the economy. I wrote a...

Consumer confidence continues to slide. Percentage who think economy will get weaker in next six months hits a five year high

Consumer confidence continues to slide. Percentage who think economy will get weaker in next six months hits a five year high

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,253 respondents in Canada. This report is based on the four waves of tracking ending April 18th, 2025. The margin of error for a random survey of 1,253 Canadians is ±2.8 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

Consumer confidence trending down – View that economy will get weaker hits high not seen since the summer of 2020

Consumer confidence trending down – View that economy will get weaker hits high not seen since the summer of 2020

Canadian consumer confidence continues to trend downwards in an environment of uncertainty spurred by US President Trump. Of note, pessimism on the future strength of the economy hit a high not seen since the summer of 2020. Those who report their job is absolutely secure hit a low also not seen since the summer of 2020. -Nik Nanos, Chief Data...

Forward looking Expectations Sub-indice hits two year low – Those reporting their job is security hits numeric low not seen since summer of 2020

Forward looking Expectations Sub-indice hits two year low – Those reporting their job is security hits numeric low not seen since summer of 2020

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,121 respondents in Canada. This report is based on the four waves of tracking ending April 4th, 2025. The margin of error for a random survey of 1,121 Canadians is ±2.9 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

Over four in five Canadians care to one extent or another about the size of the deficit.

Over four in five Canadians care to one extent or another about the size of the deficit.

People continue to care about the size of the Government of Canada deficit. This in the wake of a focus on the binational relationship and economic uncertainty. The intensity of care has marginally declined. Overall, the numbers are consistent with the 2021 baseline. Nanos conducted an RDD dual frame (land- and cell-lines) hybrid telephone and online random survey of 1,05...

Canadian economy lost 33,000 jobs in March, biggest loss since 2022

Canadian economy lost 33,000 jobs in March, biggest loss since 2022

The economy shed 33,000 jobs in March, the biggest loss since January 2022, while the unemployment rate ticked higher, Statistics Canada said Friday. The agency said the unemployment rate for March rose to 6.7 per cent compared with 6.6 per cent in February.

Canadians Want Housing Policy Reform, Highlighting the Need for Faster Development and Innovative Financing

Canadians Want Housing Policy Reform, Highlighting the Need for Faster Development and Innovative Financing

Between November 6 and 18, Abacus Data conducted a national survey of 4,001 Canadian adults (18+) to explore public perceptions of the housing market. Commissioned by Mattamy Homes Canada, this study looks at how Canadians feel about housing affordability, accessibility, and the role of governments, developers, and other stakeholders in addressing the crisis. The findings reveal widespread concern: a significant...

Percentage of Canadians who think economy will get weaker in next six months nears high not seen since June 2020

Percentage of Canadians who think economy will get weaker in next six months nears high not seen since June 2020

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,123 respondents in Canada. This report is based on the four waves of tracking ending March 28th, 2025. The margin of error for a random survey of 1,123 Canadians is ±2.9 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.