Economics
Consumer Sentiment Ticks Up for a 6th Straight Week in Canada
- Climb coincides with gradual reopening after Covid-19 shutdown
- Real estate still a worry, 45% expecting a drop in prices
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Consumer confidence continues to show signs of improving in Canada, inching higher for a sixth straight week.
The Bloomberg Nanos Canadian Confidence Index, based on a random survey, ticked up slightly to 41 last week, from 39.5 a week earlier. While the index remains near its worst-ever readings recorded in April, the rise in confidence is consistent with other data that suggest economic activity is resuming as the country gradually reopens from Covid-19 restrictions.