OTTAWA, March 8 /CNW/ - Canadian consumers are more confident now than they were in November of last year according to the latest Harris/Decima-Investor's Group Measure of Consumer Confidence. The positive mood also extended to their personal financial wellbeing and their short and medium term outlook - personally and for the Canadian economy.
- In Canada, the overall measure of consumer confidence increased in the latest wave from 82.8 last November to 86.2 today. In the US, the measure stands at 77.5, an increase from the 71.6 recorded in the last wave.
- In terms of how people perceive the last year, 19% indicated they were better off financially compared to a year ago, while 21% feel they are worse off. This represents a slight improvement from the 16%-23% recorded in the final quarter of 2010.
- Half (51%) believe that now is a good time to make a major purchase. Nationally, 31% believe it is a bad time to make such a purchase. In November, this split was 50%-35%.