Canadian Consumer Confidence Flat

Latest Weekly Bloomberg Nanos Canadian Consumer Index Tracking

Canadian consumer sentiment remains stubbornly neutral as the holiday season approaches. The Bloomberg Nanos Canadian Confidence Index edged up to 49.45, barely changed from last week and still below its long-term average.

While job security continues to underpin confidence, with over 64% expressing a sense of stability, optimism about personal finances and the broader economy is muted. Notably, positive views on real estate have softened, reflecting caution in the housing market.

Regional disparities persist: Quebec and Atlantic Canada report the highest economic mood, while British Columbia lags but overall, the forward-looking Expectations Index remains in negative territory, signalling persistent doubts about future growth.

The data suggest Canadians are neither buoyant nor despondent—simply waiting, watchful, and wary. Policymakers and investors alike would do well to heed this mood of cautious equilibrium.

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METHODOLOGY

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 telephone interviews with 1,000 Canadian consumers (land- and cell-lines), using a four week rolling average of 250 respondents each week, 18 years of age and over. The random sample of 1,000 respondents may be weighted using the latest census information for Canada.

The interviews are compiled into a four week rolling average of 1,000 interviews where each week, the oldest group of 250 interviews is dropped and a new group of 250 interviews is added. The views of 1,000 respondents are compiled into a diffusion index from 0 to 100. A score of 50 on the diffusion index indicates that positive and negative views are a wash while scores above 50 suggest net positive views, while those below 50 suggest net negative views in terms of the economic mood of Canadians.

A random telephone survey of 1,042 consumers in Canada is accurate 3.0 percentage points, plus or minus, 19 times out of 20. This report is based on the four waves of tracking ending December 5, 2025.

Bloomberg Nanos Canadian Consumer Confidence Index

Data Summary RELEASED for December 5, 2025

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