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Consumers' confidence in the economy fell for the second straight month in July, the Conference Board of Canada says.
Its consumer confidence index fell 3.7 points to 80.0 after dropping 5.7 points in June, the board said Tuesday.
Unlike June's survey, which showed confidence fell in a couple of provinces, responses in July suggested confidence fell across the country.
(Associated Press) A reading of 100 would represent the level of confidence consumers showed in 2002.
June's drop was concentrated in just two provinces — Ontario and British Columbia — but the latest survey suggests confidence fell across the country in July.
The steepest decline was in B.C., where the index fell by 12.5 points, to 78.9.
The Ottawa-based think-tank's monthly survey of consumers showed only 20.7 per cent expected to see more jobs in their communities six months from now. That was down 2.4 percentage points from June.
The proportion expecting a rise in unemployment rose by 1.7 percentage points.
The findings came after Statistics Canada reported on July 9 that the economy created 93,000 jobs in June, more than economists had expected.
The survey was conducted between July 8 and 18 and has a margin of error of plus or minus 2.2 per cent.
With files from The Canadian PressShare Tools
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