Canadian’s optimism on the economy improved last week according to a survey by Bloomberg and Nanos Research. The overall Canadian Confidence index moved higher for the week ending Sept. 25 along with the sub-indexes on real estate prices, job security and the overall economy. Optimism about personal finances, which includes mortgages, was slightly lower.
The main index climbed to 54.37 from 53.23 a week earlier and followed weeks of decline. The optimistic view was widespread: “This week consumer confidence in Canada pushed up in every region of the country”, said Nanos Research Group Chairman Nik Nanos. Most income bands and age groups saw higher sentiment and both renters and homeowners were feeling happier.
On real estate prices, 33.79 per cent of respondents felt that they would be higher in 6 months. That’s up from 31.49 per cent a week earlier and close to the 2015 average of 34.10. Those who believe prices will be lower amounted to 17.45 per cent with 44.54 per cent not expecting any change.
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