Consumer confidence is up in Canada to start 2012. Today, the index stands at
75.3, compared to 72.6 in November.
According to Senior Vice-President Doug Anderson “While the confidence of Canadian consumers has improved slightly over the past quarter, the remarkable rebound in American consumer confidence has finally brought both countries to an equally optimistic outlook. After years of consistently holding a more optimistic outlook than Canadians, the financial crisis of 2008 saw both confidence in both countries wane, but it affected the American confidence far more dramatically than it affected Canadian confidence. This quarter appears to mark the closure of that downturn.”
“An increase in consumer confidence is good to see,” said Dave Ablett, Director, Advanced Financial Planning at Investors Group. “Canadians appear to have confidence in the Canadian economy and remain well-positioned to plan, save and invest for their future.”
These data were gathered through teleVox, the company’s national telephone omnibus survey for two weeks from February 16-26 2012 just over 2,000 completes. A sample of the same size has a margin of error of 2.2%, 19 times out of 20.