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Three-in-Five Canadians Satisfied with Economy
(Angus Reid Global Monitor) - More people in Canada are content with their country’s financial standing, according to a poll by Angus Reid Public Opinion. 59 per cent of respondents rate the economic conditions in Canada today as good or very good, up eight points since June.
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 7.9 per cent in June 2010.
Last month, Canadian finance minister Jim Flaherty discussed the current state of affairs, saying, "While Canada’s economy is showing encouraging growth, the global economic recovery remains fragile. We are bringing together some of Canada’s most talented business and economic innovators to help us continue to make economic progress and return to budget balance."
Polling Data
How would you rate the economic conditions in Canada today?
|
Jul. 2010 |
Jun. 2010 |
May 2010 |
Apr. 2010 |
|
|
Very Good / Good |
59% |
51% |
58% |
58% |
|
Poor / Very Poor |
36% |
45% |
38% |
38% |
|
Not sure |
5% |
4% |
4% |
5% |
Source: Angus Reid Public Opinion
Methodology: Online interviews with 1,012 Canadian adults, conducted on Jul. 22 and Jul. 23, 2010. Margin of error is 3.1 per cent.
