The Conference Board of Canada says consumer confidence in the economy eroded further in July as people worried about jobs and were less willing to make large purchases.
The think-tank’s consumer confidence index fell for the third straight month, dropping 1.8 points to 81.3.
That’s compared to a rating of 100 in back in 2002.
The Conference Board said consumers felt uncertainty about future job prospects despite strong job creation this year.
But the outlook differed when it came to geographical regions of the country.
Confidence grew in Quebec and Atlantic Canada, but fell in Ontario and Western Canada.
Also, more consumers felt they were better off financially than six months ago.
But negative responses still to outnumbered positive ones, which has been the case since fall of 2008.
