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Index of consumer confidence: November 2020 The Conference Board of Canada, November 27, 2020 Website by Anna Feng

Index of consumer confidence: November 2020

The Conference Board of Canada, November 27, 2020
Website by Anna Feng

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The monthly Index of consumer confidence is constructed from responses to four attitudinal questions posed to a random sample of Canadian households. Document Highlights November’s Index of Consumer Confidence stalled at 74.1 (2014 = 100) for the second consecutive month. COVID-19 cases surged in multiple provinces this month. As the pandemic lingers, more Canadians expect their future finances and job prospects to remain the same in six months. Both optimistic and pessimistic views on the question of major purchases grew this month, with optimism increasing slightly more than pessimism.

The monthly Index of consumer confidence is constructed from responses to four attitudinal questions posed to a random sample of Canadian households.

Document Highlights

November’s Index of Consumer Confidence stalled at 74.1 (2014 = 100) for the second consecutive month.

COVID-19 cases surged in multiple provinces this month. As the pandemic lingers, more Canadians expect their future finances and job prospects to remain the same in six months.

Both optimistic and pessimistic views on the question of major purchases grew this month, with optimism increasing slightly more than pessimism.

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