Tuesday, October 21st14.0°C
23836
22916

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

23405


Recent Trending




Today's Market
S&P TSX14527.46+189.69
S&P CDNX822.7711.42
DJIA16581.41181.74
Nasdaq4405.419+89.345
S&P 5001936.01+32.00
CDN Dollar0.8906+0.0047
Gold1251.00+6.30
Oil81.26-0.12
Lumber329.20-1.70
Natural Gas3.681+0.011

 
Okanagan Companies
Pacific Safety0.11+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.15+0.03
Cantex0.055-0.025
Anavex Life Sciences0.1910.00
Metalex Ventures0.045-0.005
Russel Metals32.98+0.70
Copper Mountain Mining2.16+0.17
Colorado Resources0.150.00
ReliaBrand Inc0.0111-0.0019
Sunrise Resources Ltd0.060.00
Mission Ready Services0.48+0.03

 



23718

FEATURED Property
1783053600 Mckenzie rd
3 bedrooms 3 baths
$432,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_





23803


Member of BC Press Council


23121