(Angus Reid Global Monitor) – Fewer people in Canada—but still a majority—express positive views on the country’s financial standing, according to a poll by Angus Reid Public Opinion. 51 per cent of respondents rate the economic conditions in Canada today as good or very good, down seven points since May.
(Angus Reid Global Monitor) – Fewer people in Canada—but still a majority—express positive views on the country’s financial standing, according to a poll by Angus Reid Public Opinion. 51 per cent of respondents rate the economic conditions in Canada today as good or very good, down seven points since May.
Canadians renewed the House of Commons in October 2008. The Conservative party—led by Stephen Harper—received 37.6 per cent of the vote, and secured 143 seats in the 308-member lower house. Harper assembled a minority administration. The Tories also earned a minority mandate after the 2006 election, ending more than 12 years of government by the Liberal party.
Since 2007, defaults on so-called subprime mortgages—credit given to high-risk borrowers—in the United States caused volatility in domestic and global financial markets and ultimately pushed the U.S. economy into a recession. A recession is defined as two consecutive quarters of negative growth. The crisis has affected the global financial and credit systems.
Canada’s unemployment rate stood at 8.1 per cent in April 2010.
On Jul. 1, Harper expressed satisfaction with the current state of affairs, saying, "Our economy begins to emerge from the global recession in the strongest position of any advanced country in the world."
Polling Data
How would you rate the economic conditions in Canada today?
|
Jun. 2010
|
May 2010
|
Apr. 2010
|
Mar. 2010
|
|
|
Very Good / Good
|
51%
|
58%
|
58%
|
54%
|
|
Poor / Very Poor
|
45%
|
38%
|
38%
|
41%
|
|
Not sure
|
4%
|
4%
|
5%
|
5%
|
Source: Angus Reid Public Opinion
Methodology: Online interviews with 1,009 Canadian adults, conducted on Jun. 22 and Jun. 23, 2010. Margin of error is 3.1 per cent.
