Why Shouldn't Canadians be Bullish?

Canadians Bullish for First Time Since 2007, Nanos Poll Shows

Interesting article on bloomberg.com about our (Canadians) feelings and perceptions about the economy of this country. Of note:

The share of Canadians who say they believe the economy will strengthen over the next six months rose to 45 percent, according to an advance copy of Nanos’s quarterly economic survey provided exclusively to Bloomberg News. That’s more than twice the 18 percent who predict the economy will weaken.

The results are consistent with recent data that suggest the economy has emerged from its recession this quarter, helping to fuel rallies in the country’s stock market and currency. Canadian wholesale sales, manufacturing sales and the index of leading indicators rose more than forecast last week, according to government reports, while home prices have risen to records this year.


Real Estate Seen Rising

Confidence is strongest in Ontario and the prairie provinces of Alberta, Saskatchewan and Manitoba, and weakest in Quebec, according to a regional breakdown of the data.

The poll also found that Canadians are three times more likely to say the value of their real estate will increase over the next six months than say it will decrease.

“A key driver for the optimistic mood relates to perceptions of real estate,” Nanos said.

While I agree that there seems to be a more upbeat attitude around town these days, there's still a ways to go. What we need are a few big commercial real estate deals to happen to show those still sitting on the sidelines that there are good deals to be had and that there's no time like the present to invest.


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