Canadian consumer confidence continues to slide - Conference Board of Canada media advisory

OTTAWA, Oct. 28, 2014 /CNW/ - Todd Crawford, Senior Economist, The Conference Board of Canada, is available to comment on Canadian consumer confidence.

For the fifth time in the last six months, The Conference Board of Canada's Consumer Confidence Index declined, falling by 3.9 points to 84 in October. Canadians' outlook on their current and future finances, job prospects and whether it was a good time to make a major purchase took a turn for the worse in October.

Four of the five regions registered significant declines this month, with Ontario being the only province to remain flat. Quebec's regional index declined again this month after suffering a record drop in September. The Prairies registered the largest decrease in confidence this month, albeit from a high level. Uncertainty with respect to finances led British Columbia's index to decline, despite improvement on the future jobs question. Finally, confidence also fell in Atlantic Canada, as residents there were particularly concerned about the future state of their finances and job prospects.

This month's survey was conducted between October 2 and October 11, 2014, and the margin of error is plus or minus 2.1 per cent.

SOURCE: Conference Board of Canada

Yvonne Squires, Media Relations, Tel.: [phone], ext. 221. E-mail: [email protected].