Carney Gets High Marks on Economy Despite Recession Talk, Poll Says
A new Nanos Research poll for Bloomberg News found that 60% of Canadians approve of Prime Minister Mark Carney’s handling of the economy, while 24% disapprove, despite Canada’s economy shrinking 0.05% since he took office. It’s the weakest first-year growth for a Canadian prime minister in at least six decades. Although Canada has experienced two consecutive quarters of economic contraction amid weaker consumer spending, a soft housing market and U.S. trade tensions, most economists and the Bank of Canada have stopped short of calling it a recession. The poll suggests many Canadians attribute the country’s economic challenges to global factors, particularly U.S. trade policies, rather than Carney’s leadership.
