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Consumer confidence rebounds slightly


January 26, 2009
By The Canadian Press

Jan. 26, 2009 – The Conference Board of Canada says consumer confidence
ticked upward slightly this month, but remains at recession-era lows.

The Conference Board of Canada says consumer confidence ticked upward slightly this month, but remains at recession-era lows.

The Ottawa think-tank's monthly survey showed Canadians largely remain
pessimistic about their job prospects and their financial situation.

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The index rose 2.5 points to 70.2 from December's 26-year low reading,
but remains at levels consistent with the recessions of the early 1980s
and 1990s.

The Conference Board says falling gas prices appeared to brighten the spirits of some consumers.

The survey suggests slightly more Canadians felt their families were
better off than six months ago, and there was a decline in the number
who felt they were worse off.

But the balance of opinion on
employment prospects remained bleak in January with a majority saying
they are concerned about the labour market.

Still, for the
fourth month in a row there was a slight increase in the number of
Canadians who felt now was a good time to make a major purchase,
although more – by a margin of two-to-one – still feel it is a bad time.

The telephone survey of 2,000 was conducted Jan. 8 to 16 and is
considered accurate within a margin of plus or minus 2.19 per cent, 19
times out of 20.


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