Most Canadians optimistic about economic recovery: poll

OTTAWA — Canadians are feeling pretty good about where their economy is headed.

OTTAWA — Canadians are feeling pretty good about where their economy is headed.

That’s the conclusion drawn from a new Canadian Press Harris-Decima survey. The poll suggests six in 10 Canadians think the economy will bounce back at least twice as strongly as it will in the United States.

“We wanted to see: Are Canadians feeling that good about how things are? And what the data told us is, ’Yes, they are,”’ said Jeff Walker, Harris-Decima’s vice-president.

“They feel like things are really rebounding, that things are turning around, and that based on what they observe about the U.S. that it could be the case that we have twice the level of growth they do this year.”

The poll results echo recent projections by Canada’s top banker, who has all but declared the recession over and said the economy will begin growing this summer after nine months of stagnation.

Bank of Canada governor Mark Carney recently said the summer quarter should produce growth of 1.3 per cent, the first quarterly economic expansion in Canada since last fall.

But Carney’s rosy projections were fraught with cautions and caveats.

He warned economic recovery hinges on massive government stimulus and the central bank’s vow to keep the policy interest rate at the historic low of 0.25 per cent until mid-2010.

The state of the American economy is another roadblock to a solid bounceback in Canada.

The world’s biggest economy’s housing market has been battered in recent years, and weak consumer spending and massive government deficits threaten to keep the U.S. on the skids for a while longer.

That will weaken growth prospects in all of America’s trading partners, particularly its largest, Canada.

But the poll suggests most Canadians aren’t put off by any of that.

“There’s a sense, number one, that there’s demand for what we’ve got, maybe that’s greater than demand for what (the) Americans’ got,” Walker said.

Western Canadians were slightly more optimistic about the economic recovery than those in Atlantic Canada and Quebec, the poll suggests.

Conservative supporters were more confident about the economy’s rebound than those who back other political parties.

Seventy per cent of Tory backers thought Canada’s economy would outperform the United States’, compared to 65 per cent for the Liberals, 62 per cent for the Bloc Quebecois and 48 per cent for the NDP.

Just Posted

Bystanders help Innisfail Mountie make arrest

A 35-year-old Ottawa man is facing a number of charges including resisting arrest

More supports for homeless needed for Red Deer

Provincial funding recently announced for Lethbridge

Second Central Alberta born jaguar dies

Mia’s brother Magnum dead at Discovery Wildlife Park

High profile individual delays UCP vote for Red Deer-South

Nomination vote to be held early in 2019

Police back mandatory alcohol screening

New legislation taking effect on Dec. 18 allows alcohol testing of all drivers legally stopped

Orlando SC acquires Canadian Tesho Akindele in trade with FC Dallas for cash

ORLANDO, Fla. — Canadian forward Tesho Akindele was traded to Orlando City… Continue reading

Koskinen notches third shutout, McDavid gets winner as Oilers blank Flames 1-0

EDMONTON — The Edmonton Oilers appear to have shored up their defence… Continue reading

Beyonce performs at pre-wedding party in India

Beyonce brought her star power to a pre-wedding party for the daughter… Continue reading

Kirk Douglas celebrates 102nd birthday

LOS ANGELES — Actor Kirk Douglas got to celebrate his 102nd birthday… Continue reading

Ellen Page steps up attack on Nova Scotia pulp mill’s effluent pipeline

HALIFAX — Hollywood actor Ellen Page is doubling down on her criticism… Continue reading

Pence aide out of running to be Trump’s next chief of staff

WASHINGTON — President Donald Trump’s top pick to replace chief of staff… Continue reading

Swath of South faces wintry mess: Snow, sleet, freezing rain

CHARLOTTE, N.C. — A massive storm brought snow, sleet, and freezing rain… Continue reading

‘I killed my best friend’: Opioids’ fatal grip on mayor, pal

MOUNT CARBON, Pa. — Janel Firestone found her son — the 24-year-old,… Continue reading

Most Read