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Canadians’ Finances Can’t Handle Second Wave of Covid, Poll Says

  • In survey, 42% say they can’t financially withstand resurgence
  • About 30% say they’ll never recover economically from pandemic
The number of active Covid-19 cases in Canada has more than doubled in the past month, reaching 24,685 as of Monday.

The number of active Covid-19 cases in Canada has more than doubled in the past month, reaching 24,685 as of Monday.

Photographer: Cole Burston/Bloomberg

More than two in five Canadians say their finances can’t withstand a second wave of Covid-19, an increasing concern as cases rise across the country.

About 30% of Canadians already worry they’ll never recover from the economic impact of the pandemic, and 42% say they can’t financially handle a coronavirus resurgence, according to a study released Tuesday by FP Canada, a professional organization for financial planners.