News in end use

Canadian Consumer Confidence on the Rise

According to the Bloomberg Nanos Canadian Confidence Index, (BNCCI),  a composite that measure the financial health and economic expectations, consumer sentiment in Canada turned positive for the first time since the COVID-19 pandemic began, with wide spread gains being experienced across regions and age groups.

Consumer Credit Debt Increases in June

According to the Federal Reserve’s latest G.19 Consumer Credit Report, which tracks trends in consumer credit, excluding loans secured by real estate, in June consumer credit increased at a seasonally adjusted annual rate (SAAR) of 2.6% from the month of May.