ECO­NOMIC SEN­TI­MENT UP: POLL

Windsor Star - - FP WINDSOR -

Cana­dian house­holds are show­ing a new­found eco­nomic op­ti­mism, a good sign for the na­tion’s nascent re­cov­ery. Af­ter stalling at the end of June, sen­ti­ment around per­sonal fi­nances, job se­cu­rity, eco­nomic growth and real es­tate are all be­gin­ning to march higher again, polling shows. The Bloomberg Nanos Cana­dian Con­fi­dence In­dex, which has risen three points over the past two weeks to 49.8, has re­turned to the tor­rid pace of gains recorded early in the re­bound and has now re­cov­ered about two-thirds of its pan­demic losses. The pickup in house­hold con­fi­dence is a wel­come de­vel­op­ment, as pol­icy-mak­ers try to gauge the re­siliency of the eco­nomic re­bound. While the re­cov­ery from the deep down­turn has been strong, there are wor­ries the jump in ac­tiv­ity will peter out — in part be­cause of con­cerns the re­ces­sion will have last­ing nega­tive im­pacts on con­fi­dence.

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