Financial Confidence Among Canadians at All-Time Low: Survey Report

Canadians’ confidence in their personal finances has hit a record low, newly released research suggests. Confidence levels are now lower than they were during the 2008 financial crisis, according to a report from Nanos Research. More than 50 percent of Canadians surveyed by Nanos said their personal finances were worse off during the first week of May than they were last year, while 37 percent experienced no change in their financial fortunes. “Only 10 percent of Canadians report their finances are better compared to a year ago—the lowest reported score on record,” Nanos Research chief data scientist Nik Nanos said in the report, noting that the score fell five percentage points from a month ago....