Canadian consumer confidence continued its decline in November
Ottawa – For a third consecutive month, The Conference Board of Canada’s Index of Consumer Confidence fell in November 2014, this time by 1.4 points. This month’s decline was driven in large part by a drop in the Prairie region’s index, which fell 13.6 points. Ontario was the only other region to register a decline, while the other regions all rebounded from October’s poor showing.
Canadians continue to be worried about future job prospects. There are still more respondents who expect the Canadian economy to shed jobs going forward than those who expect more jobs. About 21% of the respondents said they expect fewer jobs six months from now — up 1.2 percentage points from October.
The November survey was conducted between November 6 and November 17, 2014, and the margin of error is plus or minus 2.1%.
Bill RoebuckBill Roebuck is the Editor and Associate Publisher of Machinery & Equipment MRO magazine and mromagazine.com.
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