Canadian consumer confidence recovers slightly in March

Canadian consumer confidence recovered slightly in March after a sharp fall in February.

According to the latest consumer confidence survey conducted by TNS, the Canadian Consumer Confidence Index regained a single point, edging back up to 96.5 after falling from 99.1 to 95.5 in February.

The Present Situation Index, which measures how people feel about the economy right now, plunged almost six full points in February. But it rebounded strongly in March, gaining 3.4 points to hit 97.3.

The Expectations Index, which measures people’s outlook for the economy six months from now, remained relatively flat again in March, dropping a statistically insignificant 0.7 points from 101.8 to 101.1.

The Buy Index, which measures the extent to which Canadians feel that now is a good time to purchase a “big ticket item” such as a car or a major household appliance, also remained flat in March after dropping 3.6 points in February.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.