The weekly barometer of consumer confidence in the Canadian economy has shown a slight increase for the period to June 12 but overall the data shows a negative view. The Bloomberg Nanos Canadian Confidence Index increased to 56.66, up from 56.26 a week earlier; the sub index on personal finances increased slightly as did the figures for real estate prices and job security. Nik Nanos of Nanos Research commented: “Looking at the data related to the expected strength of the Canadian economy the views are still net negative by 10 points factoring the positive and negative sentiment.”
There were fewer respondents showing optimism in personal finances, the economy and job security. Those expecting higher home prices in the next six months increased to 35.97 per cent (from 34.41 per cent). Those with highest expectations overall were in Ontario; under 40 or over 60; and earning less than $30k or more than $45k. Sentiment increased for both homeowners and renters.
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