Canadian Consumer Confidence Drops to Lowest Level in a Year

The Bloomberg Nanos Canadian Confidence Index, is reporting that consumer confidence dropped to its lowest level in more than a year, falling to well below historical averages. This as Canadians brace for an economic slowdown amid growing concerns about the coronavirus, financial market turmoil and falling oil prices. The index, however, is still higher than some of the worst readings recorded after the last oil shock in 2015.