Confidence at lowest in almost two years
Consumer optimism for the economy has hit its lowest point since May 2013 according to the Bloomberg Nanos Canadian Confidence Index. For last week the index fell to 54.57; the 12-month high is 60.60. Sentiment is lowest in Atlantic Canada and highest in Ontario. The sub indexes on personal finances, job security and the economy overall were all lower, however the real estate index rose slightly meaning that more people expect house prices to be higher in six months.