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Coronavirus: Canadians fear COVID-19 will hurt their finances, poll says


A growing number of Canadians expect their personal finances to be affected as cases of COVID-19 spread, according to a new Ipsos poll.

The poll, which was conducted between Feb. 28 and 29, found that 37 per cent of Canadians believe the coronavirus will hit their personal financial situation.

That’s an increase of 20 percentage point from Feb. 14 and 15, when Canadians were asked the same question.

Darrell Bricker, the Global CEO of Ipsos Public Affairs, explained that such a dramatic jump in numbers over roughly two weeks doesn’t happen often.

“This is kind of unprecedented,” Bricker said.

“Sometimes thing get out there and there are more short-term issues and they fade away quickly. This one seems to be more fundamental.”

Bricker noted that Canada’s jump of 20 percentage points is higher than the increase seen in most other countries where the poll was also conducted.

The majority of Canadians, at 67 per cent, also said they believe the virus reached the country because it’s “impossible to forecast.” Another 33 per cent said that the virus reached Canada due to a lack of preventative measures enforced by officials.

That means Canadians aren’t “hammering the government” over its spread, Bricker said.

“What it means is that it’s seen as something that is kind of out of control, which in many ways is even more scary,” he noted.

The rise in anxiety over COVID-19’s impact on finances is being noted around the world, the poll noted. The same questions were posed to respondents in 10 other countries dealing with coronavirus cases. individuals in all countries were more fearful of a financial impact than they were earlier in February.

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