Fewer Canadians think they were worse off financially than last month. Read more about the Maru household index
More people also agreed that the economy is moving in the right direction — 39 per cent in April compared with 34 per cent. Still, a majority said the state of the economy is headed in the wrong direction.Fewer Canadians said they would worry about their personal finances over the coming 60 days compared with just over half in March. Also, the number of people who said they would struggle to make ends meet also fell in April to 34 per cent from 37 per cent in March.
“It may be a small mercy as fewer Canadians think their financial position is worse off than it was last month,” the Maru authors said. Also, the number of people who said they would invest in financial markets rose to 32 per cent in April from 27 per cent in March.The MHOI rose to 85 in April from 83 in March, which was its lowest reading since the index was started by Maru Public Opinion in 2021. April’s reading was nonetheless well off its July 2021 high when it registered 107.
The base number for the index is 100. A result above 100 indicates optimism and below, pessimism. Maru compiles its household index each month by asking a panel of about 1,500 people a series of questions about the economy’s prospects over the next 60 days.Article content
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