Consumer Confidence rose to two-year high in January
"The index is over 40 points higher than it was one year ago. This suggests that Canadians are seeing a light at the end of the recession tunnel," said
The Index of Consumer Confidence now stands at 96.6 (2002 = 100).
All five regions moved significantly higher, with the Western provinces leading the way:
- The index reached 109.1 in British Columbia, thanks to a 22.2 point increase - the largest monthly gain ever recorded for the province; - The Prairies increased 15.3 points to reach 106.8; - The index in Atlantic Canada rose 13.6 points to 103; - In Ontario, an increase of 12.3 points in January boosted confidence in the province to 93.7, more than double its December 2008 level of 45.9; and - Quebec's index rose 9.4 points, but confidence in the province is significantly lower than it is in the rest of Canada.
The balance of opinion improved on all four questions asked in The Conference Board of Canada's survey, with particularly strong responses on consumers' finances and future employment.
This month's survey was conducted between
For further information: Brent Dowdall, Media Relations, Tel.: (613) 526-3090 ext. 448, E-mail: [email protected]
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