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Consumer Confidence Nudges Higher After Four Week Decline

CANADA DATA
  • Consumer confidence saw its first increase in five weeks according to the Bloomberg Nanos survey, rising 0.6pts to 50.9 for only a partial bounce of the -1pt drop seen the week prior to remain below mid-August highs of 53.1.
  • Improvements on the week were mainly led by backward-looking views on personal finances, as 16% saw themselves as better off over the past year vs 14.5% the week prior.
  • Elsewhere, current period job security improved marginally whilst forward-looking views on the Canadian economy and real estate softened to differing extents.
  • The GDP report for July/Aug advance on Friday will be of far more significance.

Source: Bloomberg/Nanos

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