Canada Consumer Confidence Hits 2-Year High as Expectations Rise
- Share expecting weaker economy in 6 months falls to four in 10
- Current conditions still seen as worse than usual despite bump
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Pessimism about the Canadian economy is starting to thaw.
The Bloomberg Nanos Canadian Consumer Confidence index — a measure of economic mood — rose to 54 last week, the highest since May 2022. The index gained about three points in the last month. A reading above 50 indicates net positive sentiment.