Canadian consumers lose their confidence in April: Conference Board
Posted April 27, 2010 7:59 am.
This article is more than 5 years old.
OTTAWA, Ont. – Canadian consumer confidence took a dive in April, according to the latest monthly report by a prominent economic forecaster.
The Conference Board of Canada said its index of consumer confidence dropped to 84.8 in April.
That wiped out a gain recorded in March and continued a pattern of volatile swings that the Ottawa-based group has noted since the beginning of the year.
Quebec and the four western provinces showed a negative trend in the April survey, while Ontario and the Atlantic provinces were more positive.
The Conference Board said the survey found that nearly one-quarter of respondents felt they were worse off financially than six months earlier.
In contrast, only 15.6 per cent felt their financial situation had improved over the past six months.
