Posted AT 11:35 PM EDT on 29/09/05
Consumers may be next market storm
With the mood of North American consumers already sliding from downcast to disconsolate, money managers are watching closely to see whether high energy prices are causing a short bout of brooding or a long-term sulk.
“We know what he thinks but we don't know what he will do,” Clément Gignac, chief economist and strategist at National Bank Financial Inc., says of the consumer. “He's concerned and disturbed.
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