Consumer confidence falls again
The weekly Bloomberg Nanos Canadian Confidence Index is ending the year in gloomy mood with its lowest reading since May 2013. The weekly poll of consumer sentiment has been edging lower over the last few weeks as oil prices pray heavily on the minds of many Canadians. When asked if they thought the economy would be stronger in 6 months just 15.2 per cent said yes; the lowest since the financial crisis in 2008. Those who felt the real estate prices would be higher in 6 months also declined, hitting a 2014 low of 32.3 per cent. There is more optimism in job security and personal finances.