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Canadian Household Confidence Gains for Third Straight Week

Canadian consumer confidence rose a third straight week on reduced pessimism about where the economy is headed.

The Bloomberg Nanos Confidence Index rose to 56 in the week ending Oct. 9, bringing it closer to the 2015 high of 56.9 set in May. The proportion of respondents saying the economy will be weaker in six months declined for an eighth straight week to 28.4 percent.