Canadians continue to feel better about the economy
The weekly barometer of consumer confidence from Bloomberg/Nanos shows that Canadians are still growing in optimism for the economy. However after rising in recent weeks the level of positivity for job security and real estate prices over the coming months are slightly lower. The overall Bloomberg Nanos Canadian Confidence Index rose to 56.83 for the week to May 11 compared to 56.76 in the previous week. For personal finances and the Canadian economy there are higher numbers expecting improvement in the next six months. Job security and real estate sentiment was lower though; those predicting home prices being higher in six months fell to 35.94 per cent from 37.79 per cent a week earlier; with 14.92 per cent predicting a decline; and 46.92 per cent expecting them to stay the same.