A New Survey Shows That Many Canadians Aren’t Happy With The Current Economy

This year many jobs have been introduced to the citizens of Canada, many of them got full-time jobs, and the economists were expecting the economy of Canada to keep improving. However, a new survey done by Research Co. showed that two out of three Canadians are unhappy with Canada’s current economy.

More than half of the respondents to the survey defined Canada’s economy as “bad” or “very bad.” The percentage of people disliking the economy has increased by five percent since the last survey in July 2022. Many Canadians expect Canada’s economy to decline in the upcoming six months. Only thirteen percent of the total survey outcomes expect it to improve in the coming months. “Most Canadians aged 55 and over (51%) think an economic recovery in the next six months is unattainable. The proportions are lower among their counterparts aged 35-to-54 (43%) and aged 18-to-34 (38%),” mentioned the President of Research Co, Mario Canseco.

Many Canadians are constantly worrying about their financial state and the economy. However, the number of people worried about unemployment and the fear of being unable to take care of their households has decreased. Most of the respondents to the survey believe that Prime Minister Justin Trudeau is doing the right thing to help the economy flourish and remain stable. On the other hand, the rest of the respondents trust that the Bank of Canada, governor Tiff Macklem, and Conservative Leader Pierre Poilievre will be the ones to help the Canadian economy.

Sources:

• https://researchco.ca/2023/01/20/economy-canada-2/

– Halla Alhamed, U Multicultural

Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of U Multicultural