The weekly Canadian Confidence Index from Bloomberg and Nanos Research showed little movement overall last week, rising very slightly. “Although there has been some positive movement over the past few weeks on the forward looking Expectations Sub-indice, the overall forward mood in Canada remains net negative”, said Nanos Research Group Chairman Nik Nanos. There were increased positive ratings for the economy as a whole and job security but confidence in real estate prices and personal finances, including mortgages, slipped.
The mood was improved in Atlantic Canada, Quebec and BC. Over 40’s were more optimistic than younger Canadians and renters were more confident than homeowners.
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