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Belief in Canada's economy dropping, poll says 2 in 3 consider it poor or worse

Canadians fear for financial future of their country, believe it's in poor economic state: Research.co survey
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A recent online poll says that most Canadians believe their country's economical condition is poor (Alpha Stock Images)

Two-thirds of Canadians fear for the financial future of their country and believe the economy is in poor standing, according to a recent survey.

Research.co polled more than 1,000 Canadians from April 7 to 9 on the financial well-being of the country and of their savings and investments. The firm found 68 per cent consider the country鈥檚 economic conditions to be 鈥減oor鈥 or 鈥渧ery poor鈥, down four points from a February survey.

Meanwhile, 29 percent of Canadians rate the economic conditions as 鈥渧ery good鈥 or 鈥済ood鈥, down three points since February, and the lowest total measured in three years.

The poll also found 49 per cent of Canadians thought their personal financial situation was good versus 48 per cent who felt theirs was not. Additionally it says, over half of those surveyed were worried for their own savings accounts and investments.

Most Canadians believe prices will continue to rise in general and think there will not be a recovery within six months, according to the survey.

Research.co's survey also found that over half of the country (59%) did trust Mark Carney to improve the economy in the near future. Alternatively, 43 per cent of Canadians think Conservative Leader of Canada, Pierre Poilievre will do the same.

Mario Canseco, President of Research Co., believes the current rift between Canada and America has influenced its citizens to feel down on their dollars.

鈥淭he constant discussions about tariffs are clearly taking a toll on middle-aged Canadians,鈥 Canseco said.

 

 

 

 

 

 



James Timmins

About the Author: James Timmins

I am a former photo editor and have a BA in Journalism.
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