Consumer optimism edges higher again

For the second consecutive week there was positive movement for the Canadian Consumer Confidence Index. The Bloomberg/Nanos Research survey showed overall sentiment edged up to 53.61 in the week ending Feb. 26 (compared to 53.47 a week earlier.)

Although the sub-index on the economy and personal finances including mortgages was higher the survey of expectations on the economy and real estate prices slipped.

Atlantic Canada saw the largest decline in economic mood along with older Canadians; renters were more optimistic while home owners’ confidence declined.

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