Higher interest rates negatively impact spending for majority of Canadians; Poilievre most trusted to support economic growth (Bloomberg/Nanos)

More than two in three respondents say that higher interest rates have impacted their personal spending somewhat negatively (26%) or negatively (37%), consistent with the previous wave (28%somewhat negatively ; negatively 36%).

Older Canadians aged 55 plus are more less likely to say the higher rates affected their spending negatively (51%) than Canadians aged 18-34 (72%) and 34-54 (70%).

Nanos conducted an RDD dual frame (land- and cell-lines) hybrid telephone and online random survey of 1,018 Canadians, 18 years of age or older, between June 28th and July 3rd, 2024 as part of an omnibus survey. Participants were randomly recruited by telephone using live agents and administered a survey online.

The margin of error for this survey is ±3.1 percentage points, 19 times out of 20.

This study was commissioned by Bloomberg News and the research was conducted by Nanos Research.

To read the full report, click here.