Canadian confidence remains subdued

by Steve Randall on 14 Mar 2019

There has been some positive movement in confidence among Canadian consumers but the overall tone remains subdued.

The Bloomberg/Nanos Canadian Confidence Index posted a reading of 55.48 this week compared to 54.96 last week and 54.29 four weeks ago.

The two main indexes also posted increases with the one that tracks sentiment about job security and personal finances up to 60.43 (from 59.02 four weeks ago) and the one that tracks expectations for the economy and real estate prices up to 50.54 from 49.57.

Most people expect real estate prices to stall in the next 6 months (39.13%) with 38.8% expecting them to rise and 17.48% forecasting a fall.

All major regions posted higher overall confidence with the exception of British Columbia.

Across age and income ranges, confidence was generally lower among older people and middle-incomes.

Renters showed a larger increase than homeowners.

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