While health care has been the top national issue of concern for most of the last two years, financial matters and the economy have slowly inched into the top three worries for Canadians, according to a recent weekly Nanos Research poll.
Further, 9.1 percent were concerned about the environment, up from 6.8 percent from four weeks ago, but significantly lower than the 20.5 percent who said the environment was their main concern in January 2020.
Economic Concerns
In an interview with CTV’s Trend Line on April 13, Nik Nanos, chief data scientist and founder of the research group, said all of the economic concerns of Canadians add up to about three out of every 10 Canadians focused on issues directly related to their pocketbook, or the economy.“It’s like a smorgasbord of concern,” said Nanos. “Canadians are worried about where the economy is going.”
He said Canadians are “buckling up for the worst,” anticipating an economic downturn.
“The reality is, Canadians are still worried about paying for the rent, they’re still worried about paying for groceries. And there’s a massive dark cloud over a significant number of Canadians who were just worried about paying the bills this week,” said Nanos.
He said Canadians “have a significant level of grumpiness right now and uncertainty related to the economy.”
Most said they expected the price for staples such as groceries and gasoline to keep rising and perhaps become unaffordable.
More than 70 percent were concerned about the cost of groceries.
“Participants spoke of using coupons, eating out less, changing eating habits, and buying in bulk,” said the report.
Other Canadians said they were “driving less and being efficient with trips, buying used instead of new, less discretionary spending in general, acquiring additional jobs, delaying purchases, and accumulating debt.”
Of those surveyed, 31 percent were worried about whether their “kids will be able to afford a place to live when they are older.” Another 21 percent were worried about “the impact of Canada’s national debt on our kids.”