Albertans are feeling pessimistic about their finances: poll

Dec 19 2017, 10:55 am

A new poll from CIBC suggests many Canadians – and in particular Albertans – are feeling less positive about their finances than they did a year ago.

In fact, Alberta is now the least positive region in the country when it comes to finances. Only 62 per cent of people in the province feel positive about their finances, down a whopping 21 per cent since last year.

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Alberta, however, isn’t the only province to feel negative about finances. Nationally, around 69 per cent of Canadians say they feel positive about their finances, a five per cent drop from 2015.

“While many Canadians remain positive about their financial situation, some are feeling less optimistic than they were at this time last year,” said Christina Kramer, Executive Vice President of CIBC in a statement.

SEE ALSO: 6 things the Alberta recession can teach you about money

“Whether you feel positive or have concerns about your finances, the new year is an ideal time to make changes so you feel prepared for the year ahead.”

Canadians aren’t as confident about meeting future financial goals either; 80 per cent say they’re confident about their goals compared to 85 per cent in 2015.

The only two provinces to show an increase in financial confidence were Manitoba and Saskatchewan – 88 per cent of people in both regions were confident about their future financial goals.

The survey was conducted from December 7 to 8 of 2015 and polled 1,508 Canadians who are Angus Reid Forum panelists.

DH Calgary StaffDH Calgary Staff

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