Consumer confidence in Alberta is getting close to an all-time low. The Conference Board of Canada’s latest index shows the province dropped 15.4 points in October to 38.5. That’s just a few points higher than its lowest ever rate.
The Conference Board says the tumble is largely driven by a spike in Calgary’s unemployment rate to 9.5 per cent, which is the highest of all major metropolitan areas in the country. The index is based on a four-question survey sent to a random sample of 3,000 Canadian households each month.
The national level fell 6.3 points last month to 96.7.