The Index of Consumer Confidence rose 13.8 percentage points in January to 23-month high, according to the latest survey conduced by the Conference Board of Canada.
"The index is over 40 points higher than it was one year ago. This suggests that Canadians are seeing a light at the end of the recession tunnel," said Pedro Antunes, director of the board's National and Provincial Forecast.
The Index of Consumer Confidence now stands at 96.6 (2002 = 100).
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