Canada election: Will declining consumer confidence hurt Trudeau?

Weakening sentiment among households could undermine what has been a big advantage for Prime Minister Justin Trudeau heading into the September 20 election.

Canadians reported the sharpest one-week decline in confidence since the depth of the pandemic last year, another worry for Prime Minister Justin Trudeau’s struggling campaign for re-election. The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on household polling, fell 1.6 points to 62.6 last week. That’s the biggest weekly decline since April 2020. The index is down almost four points since hitting a record high in July.