Index of consumer confidence: October 2020

The Conference Board of Canada, October 27, 2020
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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

Consumer confidence deteriorated in October as restrictions tightened amid the second wave of COVID-19.

The Index of Consumer Confidence dropped 9.5 points in October to 74.1 (2014 = 100), the largest monthly drop since April. Concerns over future job prospects were the main drivers of the plunge.

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