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Canadian consumer confidence hits lowest level since 2023 on U.S. tariff fears

  • Fears of a trade dispute with the United States have caused Canadian consumer confidence to drop to its lowest level in over a year, according to the Conference Board of Canada.
  • The Conference Board of Canada reported that its Index of Consumer Confidence took its biggest hit in a year and a half in February.
  • A growing number of Canadians reported worsening personal finances, with pessimism about future job opportunities reaching its worst level in over four years.
  • The Conference Board warned that broad U.S. tariffs could harm Canada's economy, potentially leading to both a recession and rising inflation.
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Bloomberg broke the news in United States on Monday, February 24, 2025.
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