Ontario Consumer Confidence
According to the Conference Board of Canada, consumer confidence in Ontario edged lower in April 2019.
A near-record percentage of respondents still expect employment levels to hold steady. Even so, there was an uptick in the level of those expecting deterioration in the labour market over the next six months, although levels are still lower than the highs seen in 2015.
A vast majority of Ontarians still expect their budgets to hold steady over the next six months. The number of consumers who thought their budgets would stay the same in six months was up in April, whereas the number of respondents who were unsure fell.
The percentage of consumers who thought it was a bad time to make a big-ticket purchase moved up in April as fewer respondents expressed uncertainty on this topic.
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.
