Consumer confidence remains low

A poll of consumer sentiment, taken before the latest decision on interest rates, shows that Canadians remain wary about aspects of the economy. The weekly index from Bloomberg and Nanos Research has again edged lower, down to 53.27 for the week ending Sept. 4 2015, from 57.72 a week earlier. Although there was a marginal increase in the percentage who are optimistic about the economy as a whole, the measures of those that are positive about job security, personal finances and real estate prices were lower. Confidence was higher among younger Canadians on lower wages; while homeowners including those with a mortgage are less confident than renters. 
 

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