Consumer confidence rebounds

The latest survey of Canadian confidence by Bloomberg/Nanos shows a rebound in overall sentiment last week compared to the week earlier. The index rose from 56.30 to 56.87, a new high for the year so far. Positivity in personal finances including mortgages and job security were slightly lower but consumers are more optimistic over the economy in general and real estate prices. The proportion of those polled who believe that home prices will be higher in six months was 33.57 per cent while those who believe they will be lower constitute 15.37 per cent; 49.07 per cent expect them to stay the same. 

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