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

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The Economic Club of Canada

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