February 20, 2008

Abstract: (Angus Reid Global Monitor) - Many Canadian adults believe their country is on strong financial footing, according to a poll by Angus Reid Strategies. 76 per cent of respondents rate the economic conditions in Canada as good or very good, while 20 per cent deem them poor or very poor.

(Angus Reid Global Monitor) - Many Canadian adults believe their country is on strong financial footing, according to a poll by Angus Reid Strategies. 76 per cent of respondents rate the economic conditions in Canada as good or very good, while 20 per cent deem them poor or very poor.

In addition, 54 per cent of respondents expect Canada’s economy to remain the same over the next three months, 29 per cent forecast a decline, and 12 per cent predict an improvement.

In January 2002, the Canadian dollar was worth $0.61 U.S. In November 2007, the Canadian currency briefly surpassed the $1.10 U.S. mark. Canada has recorded ten straight budget surpluses—the only country in the G-7 to do so—and boasts its lowest unemployment rate in 30 years at 5.8 per cent.

On Feb. 11, Canadian finance minister Jim Flaherty declared: "I’m not going to be the finance minister who puts our country back into deficit. We have to control spending.’’

On Feb. 18, Bank of Canada governor Mark Carney discussed the current state of affairs, saying, "The challenge for policy makers is to ensure that the benefits of globalization are maximized and widely shared. (...) Our challenge is to understand the various ways in which globalization affects both financial stability (...) and inflation."

Polling Data

How would you rate the economic conditions in Canada today?

Very good	12%
Good	64%
Poor	17%
Very poor	3%
Not sure	5%

Over the next three months, do you think the Canadian economy will improve, remain the same, or decline?

Improve	12%
Remain the same	54%
Decline	29%
Not sure	5%

Source: Angus Reid Strategies
Methodology: Online interviews with 1,077 Canadian adults, conducted from Feb. 8 to Feb. 11, 2008. Margin of error is 3.0 per cent.

 

Complete Poll (PDF)

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