If consumers don't buy, then manufacturers can't manufacture.
Consumer confidence at 26-year low: reportConsumer confidence in Canada is at its lowest level in 26 years, says a new report from The Conference Board of Canada.
The CBoC said its consumer confidence index fell 3.3 points to 67.7 -- the third consecutive monthly decline.
"On a monthly basis, the index has now dropped significantly below early 1990s levels. Only during the recession of 1981-82 have we seen lower levels of confidence," Glen Hodgson, CBoC's senior vice-president and chief economist, said in a press release.
2 comments:
I think 30 billion could be better spent by giving every Canadian 1000 bucks to spend on consumer goods.
it's hard to imagine there is any lack of spending when you check out a suburban mall parking lot, such as Markville, NE of Toronto!!
I will pitch in and do my best to help the economy by shopping on Boxing Day.. and beyond! ;)
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