Mortgage News
Consumers edgy in Canada, US
<br><br> Even ordinary Canadians have noticed that the economy is not recovering as many hoped it would. The Conference Board says its consumer confidence index fell 5.7 points this month and now sits 13 points below where it stood at the beginning of the year. Coincidentally, the index in the U.S. also fell sharply in June – by about 10 points – over concerns that unemployment remains high despite better economic news in the last six months. It was the first setback since February.<br><br>
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Even ordinary Canadians have noticed that the economy is not recovering as many hoped it would. The Conference Board says its consumer confidence index fell 5.7 points this month and now sits 13 points below where it stood at the beginning of the year. Coincidentally, the index in the U.S. also fell sharply in June – by about 10 points – over concerns that unemployment remains high despite better economic news in the last six months. It was the first setback since February.