Canadian Index Raised By 2.5 Percent but USA Still Far Behind!

The USA is the most effected country in the world from the current economical and financial crisis and its most of the industries are still suffering from the current bad economical situation and on the other hands some other countries like India, Canada and etc are recovering nicely. In the Canada the consumer confidence ticked higher but lower in the United States this month as worries about rising unemployment took hold. In the Conference Board of Canada, this tracks consumers’ sentiments on personal finance, major purchases and jobs, a rise of 2.5 percentage points to 90.9/100 for September, continuing a seven-month long upward streak – the longest since 2002. “The U.S.A consumer is still struggling to adjust after a very difficult period that has seen home prices collapse. Many are still in a very difficult financial situation even though a recovery is starting to get under way.” According to the U.S. Conference Board’s confidence index dropped to 53.1 from a revised 54.5 in August, the New York-based group reported Tuesday.

“The Canadian household experience is quite a bit different from what’s going on in the U.S.,” said Meny Grauman, senior economist at CIBC World Markets. Now, it’s time for the President Obama and his administration to observe more seriously that why other countries are recovering quickly as compared to his country as we know that the increase in the Canadian Index.

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