Consumer Confidence Index Of Canada Shows Decline
Canadian consumer confidence declined in April on concerns about job losses and debt levels, according to a Royal Bank of Canada survey. According to a source who had seen a Conference Board of Canada report set for release on Tuesday.
The survey showed 68 percent expect interest rates to rise in the next six months, up from December’s 57 percent, while 56 percent of respondents said the economy will improve over the next year, down from 60 percent in December. Another 17 percent said it will get worse, unchanged from the last survey.