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Inflation drives Canadian consumer confidence to crisis-era lows

Calgary Herald: 'The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on weekly polling, declined for a ninth straight week to the lowest reading ever outside of the last two economic crises.


'The numbers suggest Canada’s households are beginning to buckle amid the weight of rising prices, higher interest rates and a housing correction — casting doubt on whether they can continue driving the nation’s expansion forward.


'While economists have been revising down their growth forecasts in recent weeks, Canada’s economy is still seen growing at a relatively robust pace of about two per cent over the next couple of years.'

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