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Consumer confidence jumps in April

Canadians are fairly confident about their present situation, but are cautiously optimistic about the future, according to TNS Canadian Facts' recent consumer confidence survey.

Canadians are fairly confident about their present situation, but are cautiously optimistic about the future, according to TNS Canadian Facts' recent consumer confidence survey.

Consumer confidence about their current employment situation and the economy rose about 5% in April from March and has risen more than 11% since January.

However, Canadians were less certain about the next six months, with consumers feeling a bit less confident about the economy and their job situation than in March.

Canadians also were less confident that now was a good time to make a major purchase.

Michael Antecol, vice-president of TNS Canadian Facts, said purchasing intentions will be key.