Skip to main content
Welcome to
super saver spring
offer ends april 20
save over $140
save over 85%
$0.99
per week for 24 weeks
Welcome to
super saver spring
$0.99
per week
for 24 weeks
// //

Kinder Morgan Trans Mountain Expansion Project's Westeridge loading dock, at bottom with green tanks, is seen in Burnaby, B.C., on Friday, Nov. 25, 2016.

JONATHAN HAYWARD/The Canadian Press

Consumer confidence has increased in Canada since a pair of major pipeline approvals, with hopes for the country's overall economic performance rising, telephone polling shows.

The Bloomberg Nanos Canada Confidence Index climbed to 56.6 from 56.2 a week earlier, the second straight increase. The index reached its highest level since October and is poised to finish the year above its 2016 average of 56.1.

The polling results have changed in the two full weeks since Prime Minister Justin Trudeau announced the approval of the Kinder Morgan Inc. Trans Mountain and Enbridge Inc. Line 3 pipelines. The move may eventually ease bottlenecks that now see landlocked Alberta energy producers receive a steep discount for their crude.

Story continues below advertisement

Read more: From Standing Rock to Trans Mountain, dissent is in the pipeline

Wente: Trudeau's pipeline dreams – and nightmares

Clark: Trudeau didn't just approve Trans Mountain, he put his weight behind it

The share of those expecting Canada's economy to strengthen in the coming months rose to 24.1, up from 19.9 in the week of the Nov. 29 pipeline announcement and the highest level since September. Meanwhile, the pocketbook subindex – measuring job security and personal finances – has jumped in the energy-rich Prairie region to 56.1 from 52.5 two weeks earlier. Sentiment is also up in British Columbia, where the Kinder Morgan project reaches the Pacific Coast.

Every week, Nanos Research asks Canadians for their views on personal finances, job security, the outlook for the economy and where real estate prices are headed.

This is what the survey data, which are compiled for Bloomberg News, captured last week:

  • Nationally, the share of those saying their job is at least somewhat secure rose to 66.5 from 64.3 a week earlier, the highest level since October.
  • The share of those expecting real estate values to rise in their neighbourhood fell to 36.7 from 37.4 a week earlier.
  • The proportion of respondents who say their personal finances have improved over the past year fell to 15.6 per cent from 17.2 per cent a week earlier, while the share of those saying their finances have worsened rose to 24.7 per cent from 23.7 per cent. A majority of 58.6 per cent report their finances haven’t changed.
  • British Columbia leads all regions in its consumer confidence score of 59.7, followed by Quebec at 59.5, Ontario at 57.6, Atlantic Canada at 53.9 and the Prairies at 50.4.

The Bloomberg Nanos Canada Confidence Index is based on a four-week rolling average of 1,000 respondents, and is considered accurate within 3.1 percentage points, 19 times out of 20. The latest round of polling concluded Dec. 16.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies