Fewer Canadians have emergency savings on hand, driving down economic sentiment: poll

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Fewer Canadians have emergency savings on hand, driving down economic sentiment: poll
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Canadians\u0027 outlook for the economy deteriorated in February, as more households showed signs of worry about their savings. Read on.

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The Maru Household Outlook Index dropped to 85 last month, matching the lowest reading since global research firm Maru Group started keeping track in 2021. The index was 87 in January and 88 in December. The index pretty much has been on a downward slide since July 2021, when it printed its most optimistic result of 107.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.

“The key thing is that people are concerned about the amount of savings they have. That’s what’s underlying all the main pieces here,” said John Wright, executive vice-president of Maru Public Opinion. “It doesn’t look like they have a lot on hand.”

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