Canadians more confident than Americans

Canadian consumer confidence remained stable last quarter at 79.1, from 79.0 in May, finds the Harris/Decima-Investors Group consumer confidence index.

Read: Canadian consumer confidence rises Canadians are also more confident than their American counterparts. The U.S. index dropped from 79.3 in May to 74.3.

“While confidence has not improved in Canada, there appears to be more of a wait and see mindset with fewer people willing to indicate either optimistic or pessimistic outlooks,” says Doug Anderson, senior vice president.

Read: U.S. consumer confidence lowest since Nov 2011

Additional findings include:

• 24% of Canadians believe they’ll be better off financially a year from now; 14% feel they’ll be worse off;

• 14% see good times ahead for the economy in the next year; 19% predict bad times;
• 47% feel now is a good time to make a major purchase; 36% say it’s a bad time.

Read: Canadian economy improving

Staff

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