Economic Concerns Remain High, as Canada Lags Behind Rising Global Confidence
While consumer confidence is rising globally, Canadians are increasingly gloomy regarding their finances and the overall state of the economy. The Nielsen Global Consumer Confidence Index, for the first quarter of 2012, reveals that Canadians surveyed are out of step with the sunnier outlook found in many parts of the world. On the index, based on quarterly online surveys of consumers, a score of 100 is neutral; levels above and below that show degrees of optimism and pessimism. The Canadian confidence number slipped from 96 to 93 in the latest results, the lowest level in almost three years.
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