Consumer confidence dipped ahead of interest rates news

Canadian consumer confidence dipped slightly ahead of this week’s interest rate decision from the BoC. Data from Bloomberg and Nanos Research showed a decline to 53.36 in the week ending Mar 4. From 53.61 a week earlier.

Job security was one of the major factors in the dip along with the overall economy but positive responses for real estate prices and personal finances including mortgages moved higher. Overall sentiment was lower across most demographics and provinces but was higher among renters than homeowners.

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