National consumer confidence edged up in October 2015, according to the Conference Board of Canada’s index of consumer confidence.
Consumer sentiment rose in British Columbia and Ontario; however, it either declined or held steady in the rest of the country.
Sentiment about labor market prospects ticked up in October, while downbeat sentiment eased and opinions about how the job market is stabilizing became more widespread.
The vast majority of households expect their budget to remain stable and uncertainty about its outlook remains low. Meanwhile, a small but growing minority of people expect their household budget to deteriorate.
Sentiment about making major purchases, such as a home or a car, remained cautious, reflecting weak confidence in the Prairie region, Quebec and the Atlantic region. While sentiment about making big-ticket purchases brightened in other regions, wariness nonetheless remains high as uncertainty has begun to creep higher.