Two-thirds of Canadians worry their pay won’t keep up with inflation, survey suggests

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Two-thirds of Canadians worry their pay won’t keep up with inflation, survey suggests
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The same Nanos canvass found respondents were largely supportive of Ottawa ending the Canada Recovery Benefit for individuals

Pollster Nik Nanos said the survey results indicate a strong sense of unease over pocketbook matters.

“It’s like a pile on of anxiety, because now people are worried about just paying for basic goods,” he said. The public concern over pay is present even though annualized month-over-month wage gains are “off the charts,” according to a recent analysis by Derek Holt, Scotiabank’s head of capital markets economics. The bank analysis pointed to Statistics Canada data showing that Canada has been registering about 7 per cent to 9 per cent gains in the average hourly wages of permanent workers every month since July.

The survey found that a majority of Canadians either support or somewhat support the government ending the Canada Recovery Benefit, while 11 per cent said they oppose the decision and 14 per cent said they were somewhat opposed. would implement the changes the government originally announced in October. Those included the continued wage and rent subsidies, which would be more limited than in the past, and also an end, as of Oct. 23, to the Canada Recovery Benefit.

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