Market in North America rallied after the consumer confidence index was materially higher than expected. That’s great but what does it mean?
The National Bank put out a report on May 22nd that answered this question as the index in Canada is quite different than the index in the US. Why are they different?
Well, each index asks different questions and they compile their results on different dates. Once the answers are compiled, they are input and calculated differently to come up with their number.
Marc Pinsonneault of National Bank Financial provides some ideas on how to reconstruct the US index to compare it more closely to the Canadian index. To find out what questions are asked, when they are asked and how the index is caluclated, you can click on the following link here.
Your comments and thoughts are always appreciated.
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