Consumer confidence tumbles in August

Alberta had been recovering the fastest across regions so far, with the smallest gap (17.9 points) between its August index and its pre-pandemic index

Consumer confidence tumbles in AugustConsumer confidence in Canada tumbled in August as coronavirus cases were on the rise, according to a report released Wednesday by the Conference Board of Canada. The report said the Index of Consumer Confidence declined by 4.1 points to 78.4, reversing three consecutive months of increase. “This month’s decline pushed the index to 42.2 points…

Canadians plan to reduce discretionary spending

Canadians aged 15 to 34 were more likely than those aged 35 and older to expect to spend more on recreation and entertainment

Canadians plan to reduce discretionary spendingA new report by Statistics Canada says Canadians plan to reduce discretionary spending during the recovery period of the COVID-19 pandemic. The study "Expected changes in spending habits during the recovery period," is based on results from a recent web panel survey conducted in June, looking at how spending habits may change. “Canadians were less…

Over half of Canadians are cutting spending

69 per cent of Albertans say they are cutting discretionary spending, compared to the national average of 63 per cent, says survey

Over half of Canadians are cutting spendingCOVID-19's impact on the economy is causing many Canadians to worry about the future as 79 per cent of respondents in CIBC's Financial Priorities Poll say they are concerned about continued recessionary times next year, compared to 55 per cent who said they feared an economic downturn in a December 2019 survey. The poll, which was released on Monday,…

Consumer insolvencies expected to rise due to COVID

Survey found that 7% of respondents said they plan to file a consumer proposal or declare bankruptcy (6%) after government financial support ends

Consumer insolvencies expected to rise due to COVIDConsumer insolvencies are expected to spike in the wake of the pandemic as many Canadians were already feeling a tremendous strain on their pocketbooks, says a new survey by MNP LTD. The survey found that seven per cent of respondents said they plan to file a consumer proposal or declare bankruptcy (six per cent) after…

Consumer prices on the decline in Canada in May

Gasoline prices rose 16.9 per cent on a month-over-month basis in May after falling significantly in April (-15.2 per cent) and March (-17.8 per cent)

Consumer prices on the decline in Canada in MayThe Consumer Price Index (CPI) fell 0.4 per cent on a year-over-year basis in May, down from a 0.2 per cent decline in April, according to data released Wednesday by Statistics Canada. Excluding gasoline, the CPI rose 0.7 per cent, the smallest increase since January 2013, said the federal agency. “Prices rose in four of…

First year-over-year decline in consumer prices since September 2009

Gasoline prices fell 39.3 per cent on a year-over-year basis in April, the largest year-over-year decline on record, says Statistics Canada

First year-over-year decline in consumer prices since September 2009The Consumer Price Index in Canada fell 0.2 per cent on a year-over-year basis in April, down from a 0.9 per cent gain in March, marking the first year-over-year decline in the CPI since September 2009, reported Statistics Canada on Wednesday. The CPI declined as energy prices fell as a result of the COVID-19 pandemic.…

75 per cent of Canadians spending less than pre-pandemic

44% of Canadians reported a decrease in income, and 51% said the pandemic had a negative impact on their retirement savings or other investments

75 per cent of Canadians spending less than pre-pandemicA new survey indicates 75 per cent of Canadians reported they were spending less than pre-COVID-19. The survey, released on Wednesday by Payments Canada, said a key driver for this decrease in spending is likely the impact the pandemic has had on Canadians' personal finances. Nearly half (44 per cent) reported a decrease in income, and…

Canadian annual inflation rate decelerated the most since September 2006

Year over year in Alberta prices were up 0.7 per cent in March. In February, annual inflation was 2.5 per cent, says Statistics Canada

Canadian annual inflation rate decelerated the most since September 2006The Consumer Price Index (CPI) rose 0.9 per cent on a year-over-year basis in March, down from a 2.2 per cent gain in February and year over year, consumer price growth decelerated the most since September 2006, as global economic activity continued to slow due to the COVID-19 outbreak, said Statistics Canada on Wednesday. Excluding…

Consumer confidence plunges to lowest level ever

Alberta has the most pessimistic view about future finances. Ontario and British Columbia also have weaker views than the national average

Consumer confidence plunges to lowest level everConsumer confidence in Canada has plunged to its lowest level ever, according to the latest survey by the Conference Board of Canada. “Consumer confidence fell to a record low and saw its steepest monthly decline in April. The drop comes on the heels March’s record decline and shows that COVID-19 is making Canadians across the…

Alberta and Canadian consumer confidence plunges

Alberta is facing the effects of both the coronavirus and the sharp decline in oil prices as consumer confidence fell by its fourth largest amount ever

Alberta and Canadian consumer confidence plungesConsumer confidence appears to be in a freefall now with the spread of the COVID-19 (coronavirus) pandemic. The Index of Consumer Confidence, released Wednesday by the Conference Board of Canada, plunged by 32.0 points in March amid the coronavirus fears, the largest monthly decline ever. “COVID-19 is causing anxiety in Canadians and this has implications…
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