Waning Housing Sentiment Curbs Canada Consumer Confidence
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Declining optimism about real-estate prices is restraining Canadian consumer confidence, survey data show.
The Bloomberg Nanos Canadian Confidence Index increased to 59.1 for the week ended Sept. 5 from 59.0 the previous week, staying in line with the 58.9 average for the year. The proportion of Canadians who predict real-estate prices will increase over the next six months fell to 38.6 percent, the lowest in five months.