Canadian Consumers Confident About the Future

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As 2017 came to a close, consumer confidence was near record levels in Canada. The sentiment was bolstered due to a strong housing market, a thriving job market, along with an end-of-the-year rise in commodity prices. Polling showed across the board gains from the outlook for housing to job security, all across the regions. The Bloomberg Nanos Canadian Confidence Index ended the year at 62.2, the highest level since the last week of 2009. The strength of the economy surprised even economists and policy-makers. If you are considering relocating to Canada, it is a good time with the economy in such good standing. Contact Canadian Visa Expert for information about the immigration process.

Household spending, which has carried the nation’s economy for years and accounted for much of the growth since the decline of oil prices three years ago, is what everyone will be watching. There are various reasons for optimism in 2018. The jobless rate fell to just under six percent, the first time it has been below six percent since 2008, and one of the lowest percentages in the past forty years. Average hourly wages are showing signs of increasing. The housing market has shown a rebound, and stock prices have risen. The Canadian dollar is stronger, which boosts purchasing power. Oil prices are finally on the rise, which helps energy-producing regions. With such high sentiments and the economy on the rise, now is the time to consider contacting Canadian Visa Expert for help in making a move to Canada to live and work.

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