With out of control inflation Canadians are feeling the pinch on their wallets more than ever with less food making it to their tables according to the latest polling from Ipsos on behalf of Global News.
The survey was done between March 11-16 and found 6 in 10 of Canadians are concerned they might not have enough money to feed their family.
There is a 16 percentage point increase of Canadians worried about their cash and food supply since November 2021 when the inflation rate ballooned to 4.7%.
Since then Canadas inflation has ballooned further increased to 5.7% according to the latest data from Statistics Canada. There’s currently no sign of it slowing down anytime soon considering all the over spending Trudeau has planned.
Darrell Bricker, CEO of Ipsos Public Affairs told Global news this new poll is showing what the real concerns of Canadians are. With the pandemic no longer dominating the news and restrictions have started to ease there is a “dramatic transformation” away from health care and so-called “climate change” as the real issues like living affordability and economic issues rise to the top.
The survey found about 60% of people ages 18 to 54 and that number drops lower for the older respondents. People with kids had an increase of worry at about 67% compared to 57% of people with no kids.
The fear of not being able to survive was highest among the lower wage earners people make $40K a year (72%) while nearly half (48%)of respondents with a household income of $100K+.
However nearly nine in ten (85%) of respondents are concerned when asked if inflation will make everyday things less affordable. In British Columbia 85% of respondents are concerned about rising inflation while it was highest in Alberta (92%). Other provinces in Canada were pretty much consistent with Atlantic Canada (89%), Ontario (89%), SK/MB 88%, and Quebec with 73%.
A majority of Canadians 68% are concerned they might not be able to afford gasoline to get to and from work or school. In British Columbia drivers have been getting hit with up to $2.09 per litre of gasoline with the soaring gas prices
Earlier this month Bank of Canada Governor Tiff Macklem wrote to members of the House of Commons the carbon tax accounts for 0.4% at that time of 5.1% inflation rate. We now have a 5.7% inflation rate so the percentage account because of carbon tax may have changed.
Conservative critics have accused the Liberal government of mismanaging Canada’s finances, which has resulted in a spike in consumer prices across the country. Canadian inflation in housing, food prices, and supply chains for strategic goods