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Consumer confidence highest in year


September 8, 2009
By Amanda Ryder

Sept. 8, 2009 – The Conference Board says Canadians are starting to believe a recovery is around the corner.

The Conference Board says Canadians are starting to believe a
recovery is around the corner. The think-tank's latest survey of
consumer confidence shows Canadians are more optimistic about their
future financial situations and about employment conditions.

The
survey conducted between Aug. 6 and 16 found the consumer confidence
index rising 5.5 points to 88.4, the highest level in a year. It was
the sixth consecutive increase.

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The Conference Board says fewer
respondents now believe their financial situation will worsen in the
next six months, although most still expect no better than that their
personal situation will not change.

On the jobs question, 25.6
per cent feel there will be fewer jobs available in the next six
months, a huge improvement from the 54.5 per cent who felt gloomy about
jobs prospects six months ago.

More respondents
also feel now is a good time to make a major purchase, such as a car,
than say it is not, the first time the balance of opinion on the
question has been positive since April, 2008.


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