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2023 IG Financial Confidence Index: A Continuation of the Downward Trajectory Started Last Year
Concerns over the direction of the Canadian economy are driving pessimism.
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Personal Finance Affecting Canadians’ Mental Health
Inflation Isolation is Growing due to Canadians’ concern with saving money
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Pessimism Mounts About Future of Economy and Affordability
Vast majority are concerned about the affordability of life in Canada (89%) and the direction of the nation’s economy (86%)
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Donating to Charities is One of the Least Likely Expenses Canadians Would Cut During the Holiday Season
Canadians are equally likely to cut donations to charities during the holiday season (17%) and travel expenses to visit family and friends who live far away (17%), indicating the value Canadians place on donating to charity especially in the holiday season.
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Canadian Business Leaders Optimistic in Face of Economic Headwinds
Over seven in ten (73%) Canadian business leaders view the nation’s long term economic outlook optimistically, but a similar proportion (71%) expect a recession in the next six months.
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Millennials and Boomers Shy Away from Retirement Investments
Less than half (46%) of Boomers plan to use guaranteed income retirement products, while a similar proportion (43%) of Millennials are interested in finding out more about them.
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Global Trends 2023: A new world disorder
74% agree that their government and public services will do too little to help people in the years ahead.
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November 2023: Consumer confidence declines sharply in the Middle East and Africa
Sentiment is down significantly in both Israel and South Africa
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Bah Humbug! Canadians Are Ho Ho Holding the Holiday Spending: Four in Five Plan to Buy Fewer Gifts This Year
The Holidays are not Holly Jolly times for everyone: Half (51%) say thinking about Holiday spending causes financial stress.