Canadian Consumer Confidence Hits 11-Month Low as Iran War Drags On

Canadian consumer confidence fell to its lowest level in almost a year as the war in Iran, which has sent energy prices soaring and stoked worries about persistent inflation, entered its sixth week.

The Bloomberg Nanos Canadian Consumer Confidence Index fell to 46.93 in the week ended April 3, while the expectations index extended its four-week loss to almost 10 points. A reading below 50 indicates net negative views. It was the lowest reading for both indexes since May 2025, when consumers and businesses were still digesting the initial shock of US President Donald Trump’s “Liberation Day” tariffs.