Government spending and budget deficit most blamed for rise in cost of living, with increasing blame on businesses since tracking started (Bloomberg/Nanos)

While an increasing proportion of Canadians blame businesses increasing their prices (26%, up from 13% in 2022), Canadians still blame most often the Government of Canada’s spending and budget deficit policies for the sharp rise in prices and cost of living over the past year. Of note, blame on the Russo-Ukrainian war continues to decrease since tracking started (five per cent; 17% in 2022).

Nanos conducted an RDD dual frame (land- and cell-lines) hybrid telephone and online random survey of 1,071 Canadians, 18 years of age or older, between February 28th and March 2nd, 2024 as part of an omnibus survey.

The margin of error for this survey is ±3.0 percentage points, 19 times out of 20.

The research was commissioned by Bloomberg News and was conducted by Nanos Research.

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