Canadians optimistic about recovery

August 27, 2009 Share Print 0

The survey conducted between Aug. 6 and 16 found the consumer confidence index rising 5.5 points to 88.4, the highest level in more than a year.

It was the sixth consecutive increase in the monthly consumer confidence survey. Since the beginning of the year, the index has gained 18.2 points.

The Conference Board said fewer respondents now believe their financial situation will deteriorate over the next six months, although the majority still expect no better than that their personal situation will not change.

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.