Canadian confidence is neutral as oil fuels inflation concerns

Canadian confidence is neutral as oil fuels inflation concerns

Canadian consumer confidence showed little sign of improvement in late September, as uncertainty over oil prices and a riskier interest rate outlook continued to weigh on households that were already feeling pessimistic.

Pocketbook resilient as outlook drifting in neutral. (Bloomberg/Nanos Research) – Nanos Research

Canadian consumer confidence was little changed in late September. The Bloomberg Nanos Canadian Confidence Index stands at 50.88, compared with 51.72 four weeks earlier. Views of personal finances and job security improved modestly, with the Pocketbook Index rising to 54.67 from 53.75. At the same time, expectations for the economy and real estate market softened, with the Expectations Index remaining in neutral. – Nik Nanos, Chief Data Scientis…