Canada consumer confidence eases to end year flat

* Consumer confidence index falls 2.6 points

* Confidence contracted in 7 of 12 months in 2010

* Respondents concerned about future financial situation

* Sentiment on major buys at lowest since April 2009

TORONTO, Dec 21 (BestGrowthStock) – Consumer confidence in Canada
slipped in December, ending the year nearly unchanged from
where it was a year ago, the Conference Board of Canada said on
Tuesday.

The board’s consumer confidence index slipped 2.6 points to
81, marking a seventh month this year where sentiment has
trended lower.

This month, respondents were particularly concerned about
future finances over the next six months, as those who
responded negatively saw their share of opinion rise 2.7 points
to 15.8 percent. Those who expected finances to improve
remained relatively unchanged at 24.8 percent.

The board said responses to a question on the current state
of personal finances showed the balance of opinion has been
negative for 26 consecutive months.

Meanwhile, the balance of opinion towards future employment
was unchanged from November.

The Conference Board said results on its major purchases
question continued to prove “worrisome.”

“At 49.6 percent, the share of Canadians who now consider
it a bad time to make a major purchase has reached its highest
level since April 2009,” the board said.

The survey of consumer confidence was conducted between
Dec. 2 and Dec. 13, and the margin of error is plus or minus
2.2 percent.

(Reporting by Ka Yan Ng, Editing by Chizu Nomiyama)

Canada consumer confidence eases to end year flat