Monday, March 2nd4.0°C
25327
22952

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

24696


Recent Trending




Today's Market
S&P TSX15256.05+21.71
S&P CDNX703.48-3.25
DJIA18257.32+124.62
Nasdaq4992.046+28.519
S&P 5002112.83+8.33
CDN Dollar0.7976-0.002
Gold1207.70-4.90
Oil52.50+0.36
Lumber299.30+2.10
Natural Gas2.711-0.023

 
Okanagan Companies
Pacific Safety0.12+0.005
Knighthawk0.010.00
QHR Technologies Inc1.57+0.02
Cantex0.035-0.005
Anavex Life Sciences0.190.00
Metalex Ventures0.04+0.005
Russel Metals25.42+0.04
Copper Mountain Mining1.300.00
Colorado Resources0.135-0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225-0.01

 



25320

FEATURED Property
21205274362 Kensington Drive
3 bedrooms 4 baths
$1,250,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


24681