Canada CCI Weakens
Canada CCI Weakens

Canada CCI Weakens

Canada CCI Weakens

Canadian consumer confidence index fell to the lowest in more than two months as perceptions about real estate and personal finances worsen. The Bloomberg Nanos Canadian Confidence Index—a weekly survey based on questions about personal finances, job security, the economic outlook and real estate prices—fell to 58.3 at the end of September, the lowest score since mid July. The steady decline in sentiment over the past few weeks partly reflects a normalization from historically high levels as Canada’s economy, which had been running at the hottest pace in decades, begins to cool. It may also reflect the impact of higher interest rates on personal finances, after the Bank of Canada raised borrowing costs twice since July. “Most analysts are calling for the Canadian economic recovery to continue but at a slower pace during the remaining months of the year,” Bloomberg economist Robert Lawrie said in a statement. The loss of confidence is being led by a deterioration in personal finances from historically elevated levels, with 24.6% of respondents sayings theirs have worsened over the past year.

Short URL : https://goo.gl/Ve1N4x
  1. https://goo.gl/FiKKSz
  • https://goo.gl/mVSYKM
  • https://goo.gl/qhy2BU
  • https://goo.gl/7aU6JM
  • https://goo.gl/19yf6x

You can also read ...

According to the new regulations, Cubans will be able to hold only one business license.
The Cuban government has said it wants more foreign investment...
The lira has lost around 45% of its value against the US currency this year, largely over worries about Erdogan’s influence over the economy
Turkey’s central bank on Monday announced it was ready to take...
Trump’s No-Win Trade War
President Donald Trump’s trade war may be fated to fail, for...
World Stocks, Currencies Plummet
World markets shuddered on Monday, as Turkey’s worsening...
Amado Boudou (R) attends his trial on corruption charges  in Buenos Aires on August 7.
Records kept in notebooks of the kinds used by schoolchildren...
(P)GCC Banks  Face Business Risks
A number of (Persian) Gulf Cooperation Council banks that have...
Singapore Warns Trade Tensions May Lower H2 Growth
Singapore authorities warned of slower economic growth in the...
China Printing Foreign Money
China is printing more foreign money as it seeks to expand its...

Add new comment

Read our comment policy before posting your viewpoints