Canada Economic Confidence Index Released: Positive for the Canadian Dollar

Statistics Canada released the nationwide Economic Confidence Index on September 29, 2025. The actual, forecast, and previous values were not provided.Definition: The Canada Economic Confidence Index is derived from a survey conducted by the Conference Board of Canada, measuring household consumer optimism regarding current economic conditions. It serves as a key indicator for short-term sales expectations in the consumer goods sector. Surveyed households are asked about their views on current and future economic and financial conditions, as well as short-term employment prospects. Respondents are also asked to assess whether the current economic environment is suitable for purchasing high-value items such as homes and automobiles.Market Impact: An actual reading above expectations is considered bullish for the Canadian dollar. This indicator is rated at importance level 2. The data is compiled through weekly consumer confidence tracking surveys conducted by Canadian research firm Nanos. The index is published weekly, with the next release scheduled for November 3, 2025.

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