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Jitters over Oil, Stocks, Home Prices Rattle Canadian Consumers

Posted October 29, 2014

Under Economic Issues

(Jamie Sturgeon – Global News)

Falling oil prices coupled with headlines warning of impending doom for everything from stocks to home pricesare rattling consumer confidence.

A national index of sentiment among households released Tuesday said the mood among Canadians is down for the second month in a row – and fifth time in six months – “driven by a slew of disappointing economic data.”

The Conference Board of Canada’s Index of Consumer Confidence fell by 3.9 points to a reading of 84, as opinions about the current and future state of Canadians’ personal finances turned more negative, while intentions on future purchasing decisions also tumbled. Read more here.