Every month, we conduct a survey of Canadian and Americans to explore their views on the economy and their finances. This month, our survey was conducted between January 24 and January 26, 2024.
Some of the key highlights of our survey about the economy include…
- Almost two-thirds of Canadians consider their household finances to be in good shape (64%), with 9% rating them as very good and 54% as good.
- Fewer Canadians (36%) who are currently employed fear losing their job within the next 12 months. This represents a 7-point decrease since last month.
- Moreover, 46% of Canadians report living paycheck to paycheck. The proportion of Americans saying they are living paycheque to paycheque is still much higher, with 57% of respondents saying they do.
- A lower proportion of Canadians (53%) believe the country is in an economic recession, a regression of 4 points since December. This proportion rises to 62% among Canadians aged 18 to 34.
Methdology
This web survey on the economy was conducted from January 24 to 26, 2025, with 1,527 Canadians and 1,002 U.S. residents, 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 purposes, a probability sample of this size yields a margin of error no greater than ±2.51%, (19 times out of 20) for the Canadian sample and ±3.10%, (19 times out of 20) for the American sample.
