Canadians more optimistic about the future of Canada's economy than they were in 2011
TORONTO, Nov. 13, 2012 /CNW/ - A recent Scotiabank poll found that while Canadians' overall economic outlook is more optimistic, they are still hesitant when it comes to their personal investment strategies in the fluctuating economic environment. Canadian optimism for the economy moved to 49 per cent, up significantly from last year (39 per cent). Despite the rise in optimism, 62 per cent of Canadians viewed maintaining their current market position as the wiser investment strategy for the remainder of this year. Additional findings on Canadians' economic mindset include:
"With the increased volatility in global markets earlier this year and unpredictable developments going into 2013, it's not surprising that many Canadians continue to take a more cautious approach to their investment decisions," said Andrew Pyle, ScotiaMcLeod Wealth Advisor. "In any economic environment, the best practice is to regularly review your risk assessment with respect to your investments. Sitting down with a financial planner can help you see where you are and where you need to go in a way that suits your tolerance level and lifestyle goals."
About the polling data
The Scotiabank Mega Poll was conducted through Harris/Decima's telephone
omnibus, teleVox from June 18 through 28, 2012. A total of 2,013
surveys were conducted nationally with Canadian respondents 18 plus
years of age.
About Scotiabank
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 81,000 employees,
Scotiabank and its affiliates serve some 19 million customers in more
than 55 countries around the world. Scotiabank offers a broad range of
products and services including personal, commercial, corporate and
investment banking. With assets of $670 billion (as at July 31, 2012),
Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).
For more information please visit www.scotiabank.com.
Did you know? November is Financial Literacy Month, to learn about Scotiabank's
Financial Literacy Strategy please read the related press release on
the Scotiabank Newsroom at www.scotiabank.com.
BACKGROUNDER: Canadian Mindset on the Economy
SOURCE: Scotiabank
Diana Hart
Scotiabank
P: 416-866-7238
E: diana.hart@scotiabank.com