Consumer confidence continues upward trend
Consumer confidence in the economy was on the rise again last week according to the latest Bloomberg Nanos Canadian Confidence Index. The index has been increasing for the last few weeks and was up to 55.59 last week compared to 55.02 in the previous week and slightly above the 2015 average of 55.11. Figures on personal finances, the economy in general, job security and real estate all increased with the economy and real estate beating this year’s averages. When asked whether they thought real estate prices would be higher in six months 35.93 per cent said yes, 16.23 per cent no, 45.45 said the same and 2.38 don’t know.