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Canada Economic Optimism Hits 1-Year High After Trudeau Victory

Consumer optimism in Canada continues to rise on the heels of a Liberal majority election win last month, with expectations for the strength of the economy and real estate market hitting a one-year high, polling conducted last week by Nanos Research shows.

The Bloomberg Nanos Canadian Consumer Confidence Index rose to 57.9, the most-optimistic reading in 2015. The Expectations sub-index, based on questions about the economy and real estate, reached 56.5, the strongest since October 2014.