Economic Recession and Personal Finances

January 31, 2024

Every month, we conduct a survey of Canadians and Americans to explore their views on the economy, finances, and their respective governments. This month, our survey was conducted between January 26 and 28, 2024.

Download the report for the full results.

This series of surveys is available on Leger’s website. Would you like to be the first to receive these results?  Subscribe to our newsletter now. 


Some of the key highlights of our survey about Canadian federal politics and the economy include…

Gap in voting intentions continues to widen

  • Pierre Poilievre’s Conservative Party remains in the lead, 15 points ahead of Justin Trudeau’s Liberal Party. If a federal election were to be held today, 40% of Canadians would vote for the Conservative Party of Canada, while 25% would vote for Justin Trudeau’s Liberal Party.
  • Canadians also think Pierre Poilievre is the leader who would make the best Prime Minister among the federal party leaders (27%), ahead of Justin Trudeau (18%) and Jagmeet Singh (16%).
  • A third of Canadians are satisfied with the Trudeau government (30%), which is a 3-point decrease since last month.

Canadians’ perception of the country’s economy remains stable

  • 63% of Canadians consider their household finances to be good, while 58% of Americans feel the same way. This represents a 9-point decrease since December (67%) for Americans.
  • Almost two-thirds of Canadians (62%), while 55% of Americans believe their respective countries are in a recession.

Almost half of Canadians (46%) say they live paycheque to paycheque, while 49% of Americans say the same thing.

Methodology

This web survey was conducted from Janaury 26 to 28, 2024, with 1,579 Canadians and 1,004 Americans, 18 years of age or older, randomly recruited from LEO’s online panel.

A margin of error cannot be associated with a non-probability sample in a panel survey. For comparison, a probability sample of 1,579 respondents would have a margin of error of ±2.47%, 19 times out of 20, while a probability sample of 1,004 respondents would have a margin of error of ±3.1%, 19 times out of 20.

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