Majority reports that if interest rates stay around the current rate of 4.5% in 2023, it will have a negative or somewhat negative impact on their personal finances (Bloomberg/Nanos)

Canadians are over four times more likely to say that that if interest rates stay around the current rate of 4.5% in 2023, it will have a negative (32%) or somewhat negative impact (27%) rather than a positive (5%) or somewhat positive (nine per cent) impact on their personal finances. One in five (21%) say it will have no impact on their personal finances and six per cent are unsure.

Nanos conducted an RDD dual frame (land- and cell-lines) hybrid telephone and online random survey of 1,054 Canadians, 18 years of age or older, between January 27th and 30th, 2023 as part of an omnibus survey. The margin of error for this survey is ±3.0 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.