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Over 60 per cent worried that U.S. fiscal cliff will hurt the Canadian economy
By: PR Newswire
Dec. 12, 2012 06:53 AM
TORONTO, Dec. 12, 2012 /CNW/ - According to a Sun Life/Ipsos Reid study released today, almost two-thirds of Canadians (63 per cent) are concerned that Canada's economy will be hurt by the impact of the U.S. fiscal cliff, an unprecedented predicament created by a package of tax increases and spending cuts that could be implemented in the U.S. in the new year.
The Annual Check-Up Survey, commissioned by Sun Life Financial, polled 1,277 respondents examining how Canadians feel about personal finances and the economy at the end of this year.
The survey also found that 54 per cent of Canadians are not better off financially than they were a year ago.
"Along with high debt levels and a slowing real estate market in Canada, the fiscal cliff situation in the U.S. is giving Canadians another reason to worry about the Canadian economy," said Sadiq S. Adatia, Chief Investment Officer, Sun Life Global Investments.
Regional highlights from Sun Life's Annual Check-Up survey include:
Past research has also shown that Canadians who have a financial advisor or a written financial plan are less likely to feel stressed about their retirement savings.1 Checking in with your financial advisor on a regular basis could help to ensure that your financial plan is meeting your needs.
About the survey
About Sun Life Financial
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Note to Editors: All figures in Canadian dollars.
SOURCE Sun Life Financial Inc.
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