Increase On Consumer Confidence

In the coming months, most consumers in Canada are anticipating an increase in the real estate prices, whereas sentiment in the economy generally has gone up, alongside personal finances.

The Bloomberg/Nanos Canadian Confidence weekly Index went up to 58.22 in the end-week of March 10, up from 57.42 the week before and reach a new high for this year.

Chairman of Nanos Research Group, Nik Nanos said; “Perceptions related to the value of real estate in Canada, which hit a seven-month high in the weekly tracking, continue to be one of the top positive drivers of consumer sentiment.”

Positive outlooks for personal finances saw an increase, together with Canada’s economy and mortgages. Nonetheless, there are still some hurdles along the way.

The wage for Canadian households is seeing slow growth as the economy evolves from a commodity and manufacturing-based economy to one that at the moment resorts to the lower-wage service sector for the availability of jobs according to Robert Lawrie, an economist for Bloomberg.