Canadian consumer confidence rises on less negative jobs prospects
Balance of opinion on jobs remains negative, but less so than was the case in April.
Conference Board of Canada
OTTAWA – The Conference Board says consumer confidence rebounded this month as more Canadians became less gloomy about the job market.
The Ottawa-based think-tank’s confidence index rose 5.1% in May, more than offsetting the previous month’s decline.
But the Conference Board notes that at 80.7, the index is still well below its base value of 100.
As well, the pick-up was not uniform. Central Canadians generally were more sanguine about their economic and financial prospects, while the West generally became more pessimistic.
The balance of opinion on jobs remained negative, but less so than was the case in April.
As well, Canadians were marginally more positive about their future finances, with more saying they expected their personal situation to improve and fewer saying they expected a deterioration in their finances.
©The Canadian Press