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Flaherty: Rising Consumer Morale Is more Important

Flaherty said that rising consumer confidence in North America is a more important
He said high consumer confidence is more important than the recent depreciation of the Canadian dollar.
He also said that on a scale of one to 10, the degree of instability in Europe right now is a "five".

Quotes

"I think consumer confidence is what's important."

"If the range of movement of the dollar is relatively minor, I'm not terribly concerned about it because we see some fluctuation like that from time to time and year to year. But consumer confidence is difficult to regain once it's lost."

Jim Flaherty, Canadian Finance Ministry

Published: 2012-05-25 18:29:00 UTC+00

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Jun 20 at 3:51 UTC