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The monthly Index of Consumer Confidence is constructed from responses to four attitudinal questions posed to a random sample of Canadian households.
The Index of Consumer Confidence rose slightly in August, as Canadians became much more optimistic about their future finances. This optimism could be short-lived, however. High debt loads and an uncertain world could challenge Canadians’ confidence moving forward. Regardless, whether short-lived or not, the positive view about the future is good news for the Canadian economy.
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