Consumer Sentiment Soars as Canadians Shrug Off Rate Increases
- Currency and job market drive surge in economic optimism
- Bloomberg Nanos Index had slipped through May and June
Shoppers look at a Toronto Blue Jays jersey in Kensington Market in Toronto, Canada.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
A rising currency and a red-hot labor market has sent Canadian consumer confidence to the highest in three years.
The Bloomberg Nanos Canadian Confidence Index -- a gauge based on telephone polling -- climbed to 60.5 in the week ended Aug. 4, the highest since July 2014 and close to a record.