Consumer confidence in Canada remained steady for a third straight month, according to the July TNS Canadian Facts' index released Thursday.
The index rose slightly to 93.4 from June's 92, edging closer to May's 94.1 figure.
"Even in the face of a slew of negative news stories filling this month's airwaves and broadsheets, consumer confidence has remained remarkably resilient," said TNS vice-president Michael Antecol.
Canadians are feeling better about the current economic environment according to the present situation index, which rose to 79.1 in July, up from 74.2 in June and above May's 78.9.
The buy index, which gauges the degree people think the current period is a good time to make major purchases fell slightly to 103.2 from 104.5 in June. The expectations index, which measures consumers' feeling about the economy, household income and employment in the next six months fell for the first time in seven months to 102.6 from 103.3 in June.
"This month's results suggest that the waiting pattern that Canadians seem to be in last month is continuing in July," said Antecol. "They still have one foot on the clutch and the other on the gas."