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Canadians more pessimistic about economy, jobs… except in the West

The Conference Board of Canada's consumer confidence survey slid one point to 85.9 in July, the third consecutive decline.

July 30, 2014   by The Canadian Press

OTTAWA — The Conference Board says Canadians are getting increasingly pessimistic about the economy and the availability of jobs – except if they are in the booming West.

The think-tank’s consumer confidence survey slid one point to 85.9 in July, the third month in a row that it has fallen.

The big reason, says the Conference Board, is that there’s still a significantly large number of people who see the jobs picture darkening going forward with 22.7% saying they expect fewer jobs in the next six months, compared with 15.9% who expect more.

The pessimism about jobs is highest in Atlantic Canada, where only 5.9% expect there to be more jobs in the next six months.

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But optimism remains high in the West. Confidence grew in the Prairies 4.5 points in July to 107.8.

And even though the confidence index fell 9.9 points in BC, it remains high at 105.9, or 20 percentage points above the national average.

© 2014 The Canadian Press


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