Bearing the brunt
A new Yahoo Canada/ Maru Public Opinion survey released today finds more Canadians set stricter priorities and reduced spending in July versus June, with restaurant food, groceries, and entertainment bearing the brunt of the cutbacks. The survey also found that more Canadians think the country is in a recession (26% up from 17% in mid-June), but it’s certainly not the majority (59%) who believe it’s headed towards one.
When it comes to the impact of inflation and their ability to buy necessities for themselves and/or their family nowadays, fewer Canadians are worried, more are comfortable, and few are panicked.