The weekly Canadian Confidence Index from Bloomberg and Nanos Research has been trending lower in recent weeks and that continued last week. This time though all of the positive scores of the four components declined. The headline figure dropped to 56.26 last week from 56.69 the week before, although still above the 2015 average of 55.60.
For personal finances, including mortgages, the percentage who felt they would be better off in six months declined to 21.34 from 22.13 in the previous week. Just over a quarter thought they would be worse off while around a half did not expect any change. On real estate prices 34.41 per cent expect higher prices in six months with 15.25 expecting them to be lower and 47.29 per cent staying the same.
The measure of the Canadian economy as a whole saw the percentage who believe it will be stronger in six months declining to 17.31 per cent while those feeling that job security would be stronger fell to 67.40 per cent.
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