Consumer Confidence Inches Higher as Year Closes
Unlike in previous months, December’s results were largely unchanged from a year earlier, suggesting a modest firming in sentiment as the year came to a close. Easing uncertainty, stable inflation, neutral interest rates, an encouraging federal budget, and improving labour market conditions have all helped bolster consumer confidence as of late.
What is behind the slight rebound in consumer confidence? Which provinces showed modest gains in consumer confidence, and why? What are consumers’ views on future finances as well as the labour market?
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