Consumer Confidence in Canada decreased to 45.56 points in October from 47.66 points in September of 2023. Consumer Confidence in Canada averaged 52.17 points from 2010 until 2023, reaching an all time high of 57.05 points in November of 2018 and a record low of 35.60 points in April of 2020. In Canada, the Index of Consumer Confidence is calculated from the combination of responses to 11 survey questions. Those questions, current state of the economy in the local area and in the country and its expected state 6 mths ahead; current personal financial situation and the expected situation 6 mths ahead; making a major purchase like a home or car now compared to 6 mths ago; making other household purchases now compared to 6 mths ago; confidence about own and relatives’ job security and own ability to invest in the future and save money for retirement now compared to 6 mths ago and losing job as a result of economic conditions in the last 6 months and in the coming 6 mths. Consumer confidence is measured on a scale of 0 to 100, where 0 indicates an extreme lack of confidence, 50 neutrality and 100 extreme confidence.
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