A Gentle Lift in Consumer Mood
Against a backdrop of heightened uncertainty, the economy has held up relatively well. Despite business investment softening and trade-sensitive sectors, especially manufacturing, facing clear headwinds, Canada’s economy appears to have narrowly avoided a more pronounced downturn. Canadians are showing a slight uptick on consumer confidence across most provinces compared to last year.
Why has the economy held up fairly well amid economic uncertainty, and what is the expected impact of the federal government’s targeted fiscal measures on the economy? Which province showed the strongest gain in consumer confidence and which provinces the lowest, and why? What are Canadians most concerned about?
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