Consumer confidence skipping along in neutral territory.
Weekly Bloomberg Nanos Canadian Confidence Index Update
Canadian consumer confidence continues to skip along in neutral territory. The forward-looking Expectations Sub-indice is marginally negative and the Pocketbook Sub-indice is marginally positive. With the future of the Canada-US trade relationship in uncertain territory, Canadians remain in a confidence limbo, waiting for developments, wondering about what the future has in store from an economic perspective.
The BNCCI, a composite of a weekly measure of financial health and economic expectations, registered at 51.32 compared to 50.95 four weeks ago. The twelve-month high stands at 56.74.
The Bloomberg Nanos Pocketbook Index is based on survey responses to questions on personal finances and job security. This sub-indice was at 54.18 this week compared to 54.53 four weeks ago. The Bloomberg Nanos Expectations Index, based on surveys for the outlook for the economy and real estate prices, was at 48.47 this week compared to 47.37 four weeks ago.
The average for the BNCCI since 2008 has been 54.99 with a low of 37.08 in April 2020 and a high of 66.42 in July 2021. The index has averaged 50.19 this year
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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 1,030 consumers in Canada is accurate 3.1 percentage points, plus or minus, 19 times out of 20. This report is based on the four waves of tracking ending September 26, 2025.
Bloomberg Nanos Canadian Consumer Confidence Index
Data Summary RELEASED for September 26, 2025
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