New surveys show Canadians and Americans losing confidence in economic recovery
Posted July 16, 2010 6:34 pm.
This article is more than 5 years old.
TORONTO, Ont. – Consumers on both sides of the border are starting to lose confidence in the economic recovery, according to new surveys.
TNS Canada aid consumer confidence has dropped to 4.5 percent in July.
In the United States, the University of Michigan reported confidence slipping almost 10 points.
Analysts caution that sentiment does not always translate into buying behaviour, but it is reflective of real-world weakening conditions.
