Canadian Consumers Confident About the Future
People who live in Canada started 2018 confident about the Canadian economy, jobs and opportunities in the New Year.
According to the Bloomberg Nanos Canadian Confidence Index which was released in January 2018, consumer confidence in Canada is close to a record high not seen since 2009.
Quebec had the highest level of consumer confidence of any Canadian province or territory as 2017 came to a close, due in large part to the very strong jobs market in this predominantly French-speaking province.
Nonetheless, consumer confidence is generally high all across Canada.
There are several reasons why people who live in Canada are so optimistic about the future.
The Canadian economy, which is the 10th largest in the world, has enjoyed strong GDP growth and created almost 400,000 new jobs in Canada during the past year.
With the unemployment rate at just 5.9 percent and salaries rising, Canadian consumers feel more confident about spending, which boosts economic growth even further.
Consumers in Canada are also enjoying greater purchasing power due to a stronger Canadian dollar.
Additionally, many people who live in Canada are increasing in wealth as stock prices continue to soar.
The strong housing market has boosted the prosperity of Canadians, while also creating many new construction jobs in Canada.
Rising oil process have also energized Canada’s oil industry and improved the economies of oil-producing provinces, such as Alberta.
With a growing economy, plentiful jobs in Canada, and rising prosperity, the New Year of 2018 offers a bright future full of great opportunities, particularly for skilled foreign workers and their families.
During 2018, Canada's government has set a goal to grant permanent residency to 310,000 immigrants from all over the world, including 177,500 foreign workers and their family members.
To find out if you qualify to live in Canada as a permanent resident through one of several Canadian immigration programs, click here!
