Fears of a trade dispute with the United States have pushed consumer confidence in Canada to its lowest level in more than a year, according to a new report.
The Conference Board of Canada said Monday that its Index of Consumer Confidence, a broad measure of how Canadians are feeling about the economy, fell more than 12 points to 52.6 in February, the largest one-month drop in more than a year and a half.
That’s the lowest point in the Conference Board’s consumer barometer since hitting 51.5 in November 2023 and 47.6 in April 2020.
The confidence index floated at around 120 points in the first decade of the 2000s, taking hits during the global financial crisis and COVID-19 pandemic and largely holding below 80 points in the past few years….