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Optimism about future job conditions falls off

Ottawa - The Conference Board of Canada’s Index of Consumer Confidence fell 2.2 points in February 2013 to 80.8 (2002 = 100) due to concerns about future job market conditions. There was little change this month in sentiment toward...


Ottawa – The Conference Board of Canada’s Index of Consumer Confidence fell 2.2 points in February 2013 to 80.8 (2002 = 100) due to concerns about future job market conditions. There was little change this month in sentiment toward current and future income conditions, while there was an improvement in attitudes toward making major purchases.

However, this was offset by the deterioration in optimism about future job market conditions (perhaps in response to the latest employment report that showed Canada shed 22,000 jobs in January).

British Columbia was the only region to post an increase in its index this month, with a 1.2 point gain bringing its index to 104.3. Following a large increase last month, the index in Quebec slipped 4.3 points this month, falling to 69.9. Smaller losses were observed in the remaining regions.

The survey was conducted between February 7 and February 17, 2013, and has a margin of error of plus or minus 2.1%.