A significant proportion of Canadians are beginning the year with tempered expectations for the housing market and the national economy, according to the latest findings of the weekly telephone polling conducted by Bloomberg Nanos Canadian Confidence Index.
Less than 60% are feeling good about the economy this year, however – considerably lower than the 65% in 2017. The proportion of those pessimistic about the economy is also catching up, at 41%.
Consumer confidence among Canadians has reached a 12-month low, with grimmer expectations surrounding the economy and real estate prices, according to the latest poll conducted by Nanos Research Group for Bloomberg.
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