Economic confidence near 2016 high

Canadian consumer confidence remains at near-2016 highs although optimism in the real estate market has eased. The weekly data from the Bloomberg/Nanos Canadian Consumer Confidence Index for last week shows an overall figure of 57.51, down slightly from 57.75 a week earlier.

Optimism in real estate prices being higher in 6 months dipped to 44.15 per cent (from 44.64) with job security and the economy also attracting fewer positive ratings. There was slightly increased sentiment for personal finances including mortgages.

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