Economics
More Than a Third of Canadians Fear a Permanent Drop in Spending
- Quebeckers most likely to worry; B.C. residents less gloomy
- Poll suggests virus will have long-term impact on consumers
“Sales of non-essential items could be thin gruel compared to the pre-Covid-19 world,” according to pollster Nik Nanos.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Canadians don’t expect to be in much of a spending mood even after pandemic-related lockdowns are lifted.
More than a third of Canadians believe their discretionary spending won’t recover to pre-crisis levels after stores and businesses are reopened, according to a Nanos Research survey conducted for Bloomberg News. Just over 5% of respondents expect their purchases to increase and 54% think they’ll spend the same amount on non-essential items.