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Canada Consumer Confidence Rises Again in NovemberMonday, November 29, 2010 > 09:51:22
(Reuters – Ka Yan Ng)
Consumer confidence in Canada rose for a second straight month in November, suggesting a more hopeful outlook on finances and job creation, the Conference Board of Canada said on Wednesday. The board's consumer confidence index rose 3.9 points to 83.6, enough to cancel out declines recorded between July and September, it said. However, confidence levels are still not as high as they were early in 2010.
The proportion of respondents who expected their financial situation to improve over the next six months climbed 1.8 percentage points to 24.7%. The share of negative responses fell to 13.2%, the lowest level since March, which the board said was encouraging.
The board said responses to a question on the current state of personal finances were largely unchanged in November, while the balance of opinion toward future employment shifted to positive for the first time since July.
The survey of consumer confidence was conducted between November 4 and November 14, and the margin of error is plus or minus 2.2%.