Consumer sentiment at its lowest for 10 months
The Bloomberg Nanos Canadian Confidence Index has fallen to its lowest figure for 10 months. Last week’s figures show that concern over the economy, job security and house prices all increased while there was optimism on personal finances. The sub-index on house prices shows that those who believe that there will be an increase in prices over the next six months was down to 37.8 per cent last week from 38.9 the week before. Those who think prices will fall accounted for 13.3 per cent; slightly higher than the previous week.