Saturday, July 26th12.5°C
21450
21739

Canadian consumer confidence index up from year ago, slightly below Q4 reading

WINNIPEG - A new survey says Canadian consumer confidence at the beginning of 2014 was higher than it was one year ago but slightly lower than at the end of 2013.

The Harris/Decima-Investors Group's overall consumer confidence index for the first quarter of 2014 stood at 81.2.

That's up from 77.6 in the first quarter of 2013 but down from 84.4 in the fourth quarter of 2013, which marked a three-year high for the index.

The index tracks responses to consumer attitudes about what lies ahead for the economy and their own financial situation.

The latest survey found fewer optimistic responses than in the fourth-quarter and more negative responses.

The index is based on responses from 2,080 people collected between Feb. 20 and March 3.

Fewer than one in five of those responding to the latest survey, 18 per cent, said they were better off financially compared to a year ago — down from 21 per cent in the fourth quarter.

There were also 22 per cent who said they were worse off financially now than a year ago, compared with 18 per cent in the previous survey.

For the long term, the latest survey found 48 per cent were optimistic about where the economy will be in five years — compared with 38 per cent who were pessimistic.

In the fourth quarter of 2013, this split was 50 per cent expecting better times, versus 35 per cent believing there would be unemployment and recession.

In the near term future, roughly one in four respondents said they expect to be better off financially a year from now, compared with 14 per cent who felt they will be worse off.

In the fourth-quarter, the split was 28 per cent optimistic and 10 per cent pessimistic.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15455.04+60.59
S&P CDNX1017.445.79
DJIA16960.57-123.23
Nasdaq4449.564-22.543
S&P 5001978.34-9.64
CDN Dollar0.9247+0.0002
Gold1294.80+4.2001
Oil104.30-0.29
Lumber326.00+0.20
Natural Gas3.783-0.064

 
Okanagan Companies
Pacific Safety0.185-0.015
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07-0.01
Anavex Life Sciences0.275-0.005
Metalex Ventures0.08+0.01
Russel Metals35.36-0.21
Copper Mountain Mining2.820.00
Colorado Resources0.21+0.005
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.19+0.01

 





FEATURED Property
1877218630 Dougherty Avenue
4 bedrooms 4 baths
$1,090,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...

_








Member of BC Press Council


22097