Consumer confidence hits 2015 high

Canadians are the most confident about the economy than they have been all year.

The Bloomberg Nanos Canadian Consumer Confidence Index reached 57.92 for the week ending October 30, to set a new 2015 record and well above the year’s average of 55.26.

The economic mood, expectations (real estate and economy) index and pocketbook (personal finances including mortgages and job security) index were all higher.

Asked whether they expected real estate prices to be higher in six months, 34.10 per cent thought they would, down from 35.52 a week earlier. Most expect prices to stay roughly the same.

Overall sentiment decreased in Ontario and BC, and those aged 40-59 were the only age group to increase their economic mood along with those earning between $15,000 and $59,000. Owners were slightly more optimistic than renters.

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