Ontario Consumer Confidence
According to the Conference Board of Canada, consumer confidence in Ontario continued to move higher in November 2024.
Concerning job prospects over the next six months, the number of respondents expressing optimism over the outlook remained weak, while those expressing conditions to remain stable in the future conditions remained high. There was a rise in the number of respondents expressing uncertainty.
Regarding expectations for their household budget over the next six months, the number of respondents expecting their household financial situation to improve edged slightly lower compared to the previous month as the number of those expressing pessimism moved up. Most respondents expect conditions to remain constant.
Sentiment about making major purchases, like a home or a car, remains at historically subdued levels but has improved dramatically in recent months. The number of respondents indicating they feel uncertain about whether it is a good or bad time to make a major purchase continued trending higher in November as those who thought it was a bad time continued to fall.
Note: Based on 3-month moving averages.
