Consumer confidence climbs to new heights

Fewer Canadians anticipate a worsening domestic economy in the coming year, suggests a Harris-Decima poll that found consumer confidence at its highest level in 15 months.

OTTAWA — Fewer Canadians anticipate a worsening domestic economy in the coming year, suggests a Harris-Decima poll that found consumer confidence at its highest level in 15 months.

Results from the survey conducted in late May put the overall confidence index at 78.5, up from 67.0 last February and the highest since February 2008 when the index was at 79.

About 29 per cent of those surveyed over the last 10 days of May by Harris-Decima said they expected economic times to worsen in the coming year, compared with 59 per cent in February.

At the same time, the percentage of respondents who expected good times ahead doubled to 20 per cent in the most recent survey .

About 44 per cent believed business conditions wouldn’t change over the next year.

Meanwhile, the Canadian Federation of Independent Businesses said it’s also seeing signs of improved confidence among its members.

The CFIB’s Business Barometer Index rose to 60.4 in May, up from 54.9 in April and a low of 39.4 in December.

A reading above 50 on the CFIB’s index indicates more than half of business owners surveyed expect their businesses to perform better.

The Harris-Decima survey included about 1,000 Canadians who were polled from May 21 to May 31. The poll’s margin of error is 2.2 per cent, 19 times out of 20.

The CFIB business barometer was based on 835 responses from a sample of the association’s members, conducted through a controlled web survey from May 2 to May 27. It’s considered accurate to within 3.4 percentage points, 19 times out of 20.

Just Posted

Legalizing cannabis cost estimate for Red Deer just under $400k

Although the province of Alberta has announced $11.2 million for cannabis legalization,… Continue reading

WATCH: Every square tells a story: Edmonton expert is exploring Red Deer’s quilting history

Community members can bring in family heirloom quilts for documentation

Red Deer-area dads going through divorce are invited to Man Up

Support group formed to focus on positive activities, networking

WATCH: Two weeks away from Canadian Finals Rodeo in Red Deer

In just two weeks, Ponoka’s Shayna Weir will compete with the best… Continue reading

PHOTO: Say goodbye to City Hall Park flowers

A sure sign that winter is on its way is when City… Continue reading

PHOTO: Chew On This! campaign draws attention to national poverty

Lunch bags were being handed out in front of The Hub downtown… Continue reading

Wickenheiser, Pegula reflect NHL’s trend toward diversity

BUFFALO, N.Y. — With a laugh, Kim Pegula’s competitive nature kicked in… Continue reading

Harry and Meghan bring rain to drought-stricken Outback town

DUBBO, Australia — The Duke and Duchess of Sussex were jokingly thanked… Continue reading

TV Review: A Roseanne Barr-less ‘The Conners’ is a triumph

NEW YORK — Can there be a “Roseanne” without Roseanne? The answer… Continue reading

Canadian manufacturing sales fell 0.4 per cent in August: Statistics Canada

OTTAWA — Statistics Canada says manufacturing sales fell 0.4 per cent to… Continue reading

Brian Mulroney joins board of directors of New York-based pot company

NEW YORK — Former prime minister Brian Mulroney is joining the board… Continue reading

Canadians waking up to legalized cannabis: ‘My new dealer is the prime minister’

ST. JOHN’S, N.L. — Canadians across the country woke up to legalized… Continue reading

Most Read