Economics
Consumer Confidence Inches Higher in Canada, Except for Housing
- Bloomberg Nanos sentiment index gains for a 4th straight week
- But expectations around real estate remain near record lows
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Consumer confidence continues to show signs of improving in Canada, inching higher for a fourth straight week.
The Bloomberg Nanos Canadian Confidence Index, based on a random survey, ticked up slightly to 39.3 last week. While the index remains near its worst-ever readings recorded last month, the rise in confidence in recent weeks suggests negative sentiment may be finding a floor amid talk of reopening the economy. Sentiment around housing, however, remains at near-record lows.