Consumer confidence slightly weaker
The confidence of Canadian consumers is still hovering around the highs for the year so far but dropped last week. The latest sentiment index from Bloomberg/Nanos shows that although sentiment for last week dipped from an index rating high for the year of 56.83 to 56.30. Each of the four components were lower; real estate prices, job security, personal finances and the Canadian economy. On house prices 33.47 per cent expect them to be higher in 6 months with 15.89 expecting them to fall. While job security is expected to stay strong the proportions of respondents who expect the economy and their personal finances to worsen is higher than those who expect things to improve.