Over 60 per cent worried that U.S. fiscal cliff will hurt the Canadian economy

Over 60 per cent worried that U.S. fiscal cliff will hurt the Canadian economy 
TORONTO, Dec. 12, 2012 /CNW/ - According to a Sun Life/Ipsos Reid study 
released today, almost two-thirds of Canadians (63 per cent) are concerned 
that Canada's economy will be hurt by the impact of the U.S. fiscal cliff, an 
unprecedented predicament created by a package of tax increases and spending 
cuts that could be implemented in the U.S. in the new year. 
The Annual Check-Up Survey, commissioned by Sun Life Financial, polled 1,277 
respondents examining how Canadians feel about personal finances and the 
economy at the end of this year. 
The survey also found that 54 per cent of Canadians are not better off 
financially than they were a year ago. 
"Along with high debt levels and a slowing real estate market in Canada, the 
fiscal cliff situation in the U.S. is giving Canadians another reason to worry 
about the Canadian economy," said Sadiq S. Adatia, Chief Investment Officer, 
Sun Life Global Investments. 
Regional highlights from Sun Life's Annual Check-Up survey include: 


    --  Ontarians (31 per cent) and Quebecers (28 per cent) are more
        likely to be pessimistic about the Canadian economy in 2013.
        They were the only provinces above the national average (26 per
        cent).
    --  Seventy per cent of Ontarians are concerned about the effects
        of the U.S. fiscal cliff on the Canadian economy -- the highest
        rate of concern in the country.
    --  Sixty per cent of Ontarians and 57 per cent of Atlantic
        Canadians say they are not better off financially than they
        were a year ago. The national average is 54 per cent.

Past research has also shown that Canadians who have a financial advisor or a 
written financial plan are less likely to feel stressed about their retirement 
savings.(1) Checking in with your financial advisor on a regular basis could 
help to ensure that your financial plan is meeting your needs.

About the survey 
These are some of the findings of an Ipsos Reid poll conducted between 
November 20 and 27, 2012, on behalf of Sun Life Financial. A sample of 1,277 
adult Canadians from the Ipsos Canadian online panel was interviewed. 
Weighting was then employed to balance demographics and ensure that the 
sample's composition reflects that of the adult population according to Census 
data and to provide results intended to approximate the sample universe. A 
survey with an unweighted probability sample of this size and a 100 per cent 
response rate would have an estimated margin of error of +/- 2.7 percentage 
points, 19 times out of 20, of what the results would have been had the entire 
population of adults in Canada been polled. The margin of error will be larger 
within regions and for other sub-groupings of the survey population. All 
sample surveys and polls may be subject to other sources of error, including, 
but not limited to coverage error, and measurement error.

About Sun Life Financial
Sun Life Financial is a leading international financial services organization 
providing a diverse range of protection and wealth accumulation products and 
services to individuals and corporate customers. Chartered in 1865, Sun Life 
Financial and its partners today have operations in key markets worldwide, 
including Canada, the United States, the United Kingdom, Ireland, Hong Kong, 
the Philippines, Japan, Indonesia, India, China, Vietnam and Bermuda. As of 
September 30, 2012, the Sun Life Financial group of companies had total AUM of 
$515 billion. For more information please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and 
Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to Editors: All figures in Canadian dollars.

______________________________________
(1) 2012 Sun Life Canadian Unretirement™ Index

Media Relations contact: Nadine Ricketts Sun Life Financial Canada Tel: 
416-408-8603 nadine.ricketts@sunlife.com

SOURCE: Sun Life Financial Inc.

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CO: Sun Life Financial Inc.
ST: Ontario
NI: FIN INS ECOSURV 

-0- Dec/12/2012 11:52 GMT