Consumer confidence is steady on job security, real estate

by Steve Randall03 May 2018

A measure of how confident Canadians are feeling about the economy and their personal finance has held steady in recent weeks.

The weekly Bloomberg Nanos Canadian Confidence Index for the week ending April 27, 2018 was 57.87, down slightly from 58.07 in the previous week but in line with the 2018 average reading of 58.28.

The sub-index on personal finances including mortgages, and job security, was at 60.16, up from 59.39 a week earlier. The expectation index which covers the outlook for the economy and real estate prices was 55.58; four weeks ago it was 54.27.

“Although over the past four weeks sentiment has been relatively steady, perceptions related to job security are trending up on speculation of positive progress on the North American Free Trade Agreement negotiations,” said Nanos Research Group Chairman Nik Nanos.

Overall sentiment increased in Atlantic Canada and Ontario but softened slightly elsewhere. There was no clear pattern for optimism based on income or age but homeowners were more confident than renters.

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