TORONTO, Jan. 6 /CNW/ - Despite increased confidence on economic growth,
Canadians are less optimistic about the state of the economy heading
into 2011 than they were one year ago, according to an Economic Club of
Canada/POLLARA poll released today.
Almost 30 percent of Canadians feel the economy is in a state of
moderate growth heading into 2011, compared to just 17% in December
2009, and concern over a severe recession occurring has dropped from
17% in December 2009 to less than 10% in December 2010. However, only
38% of Canadians surveyed feel the Canadian economy will improve in the
next twelve months, compared to 54% who felt that way in December 2009.
One in five Canadians feel the Canadian economy will actually worsen in
2011, compared to 14% who felt that way one year ago.
"Canadians were feeling overly bullish on economic recovery this time
last year," said Michael Marzolini, Chairman of POLLARA. "But clearly,
these lofty expectations in Canada and around the world have not yet
been met, and Canadians are now more measured in their feelings about
the economy." The poll results were collected from 2560 respondents on
POLLARA's online panel between December 10-15, 2010, and weighted by
age, gender and region to ensure they are based upon a representative
sub-section of Canada's population. The margin of error in such a
survey is 1.9%, 19 times out of 20.
While the state of economic optimism may have dropped slightly,
Canadians are much more confident about Canada's economy than elsewhere
in the world. Fully 42% of Canadians feel the US economy will actually
worsen in 2011, compared to only 19% who feel it will improve. On the
Global economy, 43% of Canadians feel it will worsen in the next year,
while only 20% feel the Global economy will show improvement.
"Canada's economic performance has not gone unnoticed by Canadians,"
said Economic Club of Canada President Mark Adler. "Compared to the
rest of the world, Canadians clearly feel more secure with their own
domestic economic performance and its prospects for the future."
Amongst the top economic concerns of Canadians, 78% said the cost of
living; 72% noted the Government deficit and national debt; 70% listed
having enough money to retire as their chief concern; 69% said
healthcare costs were their number one concern, while 57% responded
with value of their investments, and 55% marked their own family debt
load as their top priority.
The Economic Club of Canada is Canada's "podium of record", bringing the
world's leading experts to address the most relevant topics of the day.
POLLARA is Canada's leading research and polling organization.
SOURCE The Economic Club of Canada
For further information:
Mark Adler, Economic Club of Canada, 416-306-9934
Michael Marzolini, POLLARA, 416-921-0090
For full results of the POLLARA poll in powerpoint format:www.pollara.com/ECOC2011