Consumers in every region of Canada believe the future looks brighter – at least according to a new poll by The Investor’s Group. Over 2,000 Canadians were polled and the results revealed that 84.4 percent of consumers are more confident now than at any point since the first quarter of 2011.
“The gradual improvement of consumer confidence in Canada appears to reflect the slow-but-steady growth in the Canadian economy,” says Gaetan Ruest, Vice-President, Product and Corporate Research at Investors Group. “This is an encouraging way to wind up 2013 and look forward to a new year.”
But this renewed sense of confidence should not give anyone the impression that it’s okay to treat their hard earned money frivolously. It should actually do the opposite says Jeffrey Schwartz, executive director of Consolidated Credit Counseling Services of Canada …
“It’s wonderful to hear that Canadians in all regions believe that our economy is on the mend, but that’s no reason to start spending,” says Schwartz. “This resurgence should act as a reminder of how bad citizens of our country were hurting financially, and give us all a reason to pause and think about how we can better manage our money in the future.”
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