Podcast Center
Video Center
Webcasts
Resource Center
Events
July 02, 2012 at 10:31 AM
Four in 10 Canadians say the possibility of a renewed recession in the U.S. is the No. 1 threat to Canada’s continuing prosperity, according to a new report.
Published in a new BMO Harris Private Banking study, the research finds that Canadians remain optimistic about Canada’s strong economic performance and financial outlook. But the study reveals that 72% of Canadians are worried about how economic troubles in other parts of the world may impact Canada’s relative prosperity. Among the areas of concern noted in the report:
The possibility of the United States slipping into another recession is the primary concern, with 41% of Canadians listing this as the number one threat to Canada’s prosperity.
The negative impact of the sovereign debt crisis in the Eurozone (cited by 23% of respondents), slowing growth in China and India (8%) and tensions in the Middle East (7%).
On the brighter side, the study reveals that:
The majority of Canadians (83%) are proud of Canada’s economic performance compared to the economies of the U.S., Europe and other parts of the world.
