Canadians say their personal finances are getting worse

The latest consumer sentiment data from Bloomberg and Nanos Research shows that Canadians are becoming increasingly concerned about their personal finances.

Although the overall Canadian Confidence Index was steady in the week ending Oct 14, the subindex on personal finances and job security was lower along with that for real estate prices and the economy.

“Of note, asked about their personal finances, Canadians are twice as likely to say it is worse than better than a year ago,” said Nanos Research Group Chairman Nik Nanos.

Positivity on personal finances was at 13.95 per cent last week compared to 15.18 per cent a week earlier. The 2016 average is 15.58 per cent while the 2008-2016 average is 18.59 per cent.

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