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
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
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
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
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
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 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
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
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
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)
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
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?
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
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
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
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.
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
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
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
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.
Consumer confidence continues to erode in wake of Canada-US tensions (Bloomberg/Nanos)
Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,100 respondents in Canada. This report is based on the four waves of tracking ending March 21st, 2025. The margin of error for a random survey of 1,100 Canadians is ±3.0 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.
The NDP will unlock public land to build more homes people can afford
Canada needs 6 million new homes. Today Jagmeet Singh unveiled the first step in the NDP plan to use every available lever to meet that target and make sure every Canadian can find a home they can afford - by unlocking public land to build rent-controlled homes. “While working and middle-class families are being priced out of the market, big...
The economic question at the heart of this election
This Canadian election is about a lot of things. It’s about trade and tariffs and threats and sovereignty. It’s about anger and disappointment and frustration. But if you zoom out, it’s about the economy. There are two key questions voters will have to answer for themselves. One is, who is best to stand up to U.S. President Donald Trump...
Negative outlook on future standard of living ties 13 year high
Canadians are now ten times more likely to say the next generation will have a lower (70%) rather than higher (seven per cent) standard of living than Canadians enjoy today. The seventy per cent of respondents who believe the next generation of Canadians will have a lower standard of living than Canadians have today equals a previous numerical high recorded...
Small business optimism in Canada collapses to 25-year low
Optimism among Canada’s small and medium-sized firms fell to the lowest level in at least a quarter-century after the US started a trade war with the country, according to the Canadian Federation of Independent Business. The CFIB’s Business Barometer index fell to 25 this month, according to a flash poll of 1,065 firms taken between March 5 and March 7...
Forward negativity on future strength of Canadian economy hits level not seen since the depths of global pandemic in June 2020
Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,074 respondents in Canada. This report is based on the four waves of tracking ending March 14th, 2025. The margin of error for a random survey of 1,074 Canadians is ±3.0 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.
End of federal tax holiday in February expected to lift inflation: economists
Economists are expecting the annual rate of inflation accelerated in February as the federal government's temporary tax break came to an end mid-month. Statistics Canada is set to release February inflation figures on Tuesday. Economists polled by Reuters expect the annual inflation rate rose to 2.2 per cent last month, up from 1.9 per cent in January.
Bank of Canada cuts interest rate as Trump’s trade war intensifies
The Bank of Canada on Wednesday cut its key interest rate, a move that comes just hours after U.S. President Donald Trump issued new steel and aluminum tariffs against Canada. The central bank cut its benchmark rate by 25 basis point, bringing it down to 2.75 per cent. This was the bank’s seventh consecutive interest rate cut.
Forward looking expectations on the Canadian economy continue to slide
https://nanos.co/forward-looking-expectations-on-the-canadian-economy-continue-to-slide-bloomberg-nanos/#:~:text=Canadian%20consumer%20confidence,of%20real%20estate.
3 in 4 Canadians reject the idea of an economic union with the US where Canada would adopt the US dollar
Presented with the idea of an economic union with the United-States similar to the European Union but where Canada adopts the US dollar as its currency, most Canadians oppose (65%) or somewhat oppose (10%) this. About one in five support (nine per cent) or somewhat support (11%) this. Opposition is stronger among women (80%) than men (69%).
Forward looking expectations continue to cycle into negative territory in wake of Trump tariff threats
Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,024 respondents in Canada. This report is based on the four waves of tracking ending February 28th, 2025. The margin of error for a random survey of 1,024 Canadians is ±3.1 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.
Forward looking expectations hits a 98 week low
Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,026respondents in Canada. This report is based on the four waves of tracking ending February 21st, 2025. The margin of error for a random survey of 1,026 Canadians is ±3.1 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.
Navigating chaos with little cushion
Numbers out this week will show just how precarious a footing Canada's economy is on as it braces for a trade war. GDP growth has been meagre at best for a while now. GDP expanded by 0.3 per cent in the third quarter (July, August and September) after rising 0.5 per cent in the first two quarters of the year.
Protecting Canada’s Economic Integrity in a New Threat Environment
A group of Canadian tech entrepreneurs recently launched something called Build Canada, which bills itself as “a platform of bold ideas for growth, innovation, and prosperity”. Perhaps because of the supersized influence of Elon Musk on Donald Trump and Big Tech CEOs lined up in an unseemly pay-to-play scheme at Trump’s inauguration, some are skeptical about Canadian tech entrepreneurs wanting...
Macklem Says ‘Not the Time’ to Rethink 2% Inflation Target
Bank of Canada Governor Tiff Macklem launched the central bank’s review of its framework, but strongly suggested that officials are likely to re-endorse the bank’s current approach to targeting 2% inflation.
Forward looking expectations slide in wake of Trump steel and aluminum tariff threat
Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,018 respondents in Canada. This report is based on the four waves of tracking ending February 14th, 2025. The margin of error for a random survey of 1,018 Canadians is ±3.1 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.
Inflation ahead
It's remarkable how quickly the things we worried about can change. For years now, inflation was the most important thing on the economic landscape. Now, it's tariffs and the threats emanating from the White House. Those tariffs will have a weird impact on inflation.
Energy Policy: Canadians’ priorities shift from environment to economic growth and domestic capacity
The return of U.S. President Donald Trump to the Oval Office, and his threat of widespread tariffs, has seismically shifted the economic landscape. It has also threatened to upend energy development in both the long- and short-term. New data from the non-profit Angus Reid Institute finds that Canadians’ own priorities when it comes to energy policy may be shifting alongside...
Federal Liberals can't be trusted with the economy
Given their dismal economic record after 10 years in power, it’s hard to comprehend why anyone would trust the federal Liberals to be responsible stewards of the nation’s finances heading into this year’s election.
Economic Concerns
Overall, Canadians (82%) are concerned that Donald Trump could use tariffs or trade sanctions to pressure Canada into a closer union with the U.S. Concern is highest among Liberal (93%) and NDP (92%) voters, while Conservative supporters are less worried (75%). In response to these threats, a majority of Canadians (81%) plan to or have increased purchases of Canadian-made products...
Most Ontarians are concerned about the impact of possible US tariffs on Ontario’s economy
The CTV News/Nanos nightly provincial election tracking conducted by Nanos Research surveys 900 Ontarians aged 18 years and over three days (300 interviews each day). Respondents are all randomly recruited through a dual-frame (cell- and land-line) RDD sample using live agents. One half of the sample is administered the questionnaire by telephone and one half are administered the same questionnaire...
Bank of Canada Adds Second Outsider to Rate-Setting Council
The Ottawa-based central bank announced that Alexopoulos, a professor of economics at the University of Toronto, would join the bank’s governing council for a two-year term starting March 17. She joins the policymaking body as the second external deputy governor.