The monthly Index of Consumer Confidence is constructed from responses to four attitudinal questions posed to a random sample of Canadian households.
Document Highlights
Signal49 Research’s Index of Consumer Confidence rose in January. Despite the increase this month, the index remains weak compared with levels in 2017 and 2018. While the share of respondents who expect their finances to improve in six months increased, this is the second-worst showing since October 2016. Not surprisingly, given recent interest rate hikes and apparent concern over job prospects, Canadians also remain hesitant about making major purchases.
