Canadian consumer confidence up for first time in 2012: Survey
Posted Nov 29, 2012 12:36 pm.
This article is more than 5 years old.
Just in time for the crucial holiday shopping season, the latest report shows Canadian consumer confidence is up for the first time in 2012.
The survey revealed that nearly two-thirds of Canadians believe the economy is growing, marking the highest reading since July 2011.
“If you’re feeling better off than you were a year ago, it’s going to translate into more confidence in the marketplace and higher spending,” explained Jack Bensimon, the President of Bensimon Byrne – the firm behind the report. “If you’re feeling worse off than a year ago, it’s going to be a drag on consumer spending.”
Across the country, confidence grew in all provinces except for Quebec. B.C. saw an 18 per cent spike, but Bensimon said that could be a statistical anomaly.
Confidence remains the highest in the prairie provinces.
