Canadians don’t echo finance minister’s sentiments
Posted Jun 18, 2010 1:45 pm.
This article is more than 5 years old.
Federal finance minister Jim Flaherty might be proclaiming the Canadian economy is the envy of the world, but consumers are not as bullish.
A new consumer confidence survey has found while Canadians feel good about what’s going on in the economy right now, the future doesn’t look as bright.
The latest TNS Consumer Confidence Index shows Canadians have no problem with the here and now but are not looking forward to the future, which will likely include tax hikes as the federal government pays down it’s more than $55-billion economic stimulus spending.
Michael Antecol tells 660News Canadians are also still very worried about job security which affects household income levels.
He says it’s anybody’s guess as to when people will feel as good about the future as they do the present, adding there ‘s nothing wrong with a little future financial worry.
