Consumer confidence edges higher

The weekly snapshot of Canadian consumer confidence registered a gain of more than 1 point in the week to Oct. 2nd and beat the year’s average so far. The poll from Bloomberg and Nanos Research increased to 55.55 from 54.37 a week earlier; the 2015 average is 55.08. The percentage of those anticipating improvement in each of the four components gained; personal finances, the economy, job security and real estate prices. Those who expect higher property prices in the next 6 months was up to 36.10 per cent, beating the 2015 average of 34.15 per cent.

All provinces saw higher sentiment with the exception of Quebec which was flat. Most age and income groups also saw higher levels of optimism. Renters were slightly more optimistic than a week earlier but the sentiment of homeowners including those with a mortgage was up by almost 1.5 points. 

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