Economy Optimism Lifts Canada Consumer Confidence for 4th Week
- Bloomberg Nanos poll shows gains in job security, housing
- Confidence Index Approaches Highest This Year at 56.6
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Canadians were the most optimistic about the economy’s prospects in more than a year, boosting consumer confidence as voters head to the polls in a federal election.
The Bloomberg Nanos Canadian Consumer Confidence Index rose to 56.7 in the week through Oct. 16, a fourth straight increase. The survey found 21.3 percent of respondents said the economy would become stronger in six months, the most since September 2014, while those who said it would be weaker fell for a ninth week to 25.3 percent.