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Aug

08

Economy, Real Estate Drive Canadian Consumer Confidence Higher

By Tony Seruga

Bloomberg-Nanos index posts fifth consecutive weekly gain
Optimists outnumber pessimists by widest margin since November

Consumer sentiment rose for a fifth week with Canadians becoming more optimistic about the economy and housing market, weekly polling showed.

The Bloomberg Nanos Canadian Confidence Index — derived from survey responses on personal finances, job security and the outlook for the economy and real estate prices — rose to 59.9 in the week ended Aug. 5 from 59.5 previously. That’s the highest since September 2014…

Economy, Real Estate Drive Canadian Consumer Confidence Higher

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