Quebecers among least likely to be concerned about debt, according to RBC
Canadian Consumer Outlook
Optimism about personal financial situation rises to 49 per cent
This relative confidence extends to personal financial situations, where almost half of Quebecers (49 per cent) believe it will improve over the next year -- the highest level of optimism in the country and significantly higher than in December (43 per cent).
"It's interesting that such optimism arises despite more Quebecers experiencing job anxiety in January compared to December," said
Other provincial highlights include: - National Economy: Respondents from Quebec are among the most likely to say that the current overall state of the Canadian economy is bad (56 per cent), while 44 per cent describe it as good (down 12 percentage points from December). This is second only to British Columbia, where 57 per cent of respondents describe the national economy as bad. Nationally, more Canadians think that the current overall state of the economy is bad (52 per cent) than say it is good (48 per cent). Quebecers are the least optimistic that the Canadian economy will improve in 2010 (47 per cent versus 56 per cent in December and compared to the national average of 56 per cent). When considering the condition of the Canadian economy in the next three months, Quebecers, along with Prairie residents, are the least likely to be optimistic, with 30 per cent expecting conditions to improve, down significantly from 39 per cent in December. Nearly one-in-four Quebec residents (23 per cent) expect that conditions will worsen (compared to 20 per cent nationally) over the same time period. - Job Anxiety: Slightly more than one-in-four Quebecers (26 per cent) are worried about losing their job, on par with the national average and up five percentage points from 21 per cent in December. Job anxiety rose across the country in January.
"The jobs report out in early January which showed a rise in the unemployment rate in
About The RBC Canadian Consumer Outlook Index
The RBC Canadian Consumer Outlook Index, benchmarked as of
For further information: Rina Cortese, RBC Corporate Communications, (416) 974-6970; Gillian McArdle, RBC Media Relations, (647) 400-8464
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