Over one Canadian in three (35%) reports that they have cancelled a major purchase because of price increases, which is an increase of 12 percentage points since the May 2022 wave. Younger Canadians aged 18 to 34 are more likely to report having cancelled a major purchase (50%) than older Canadians aged 35 to 54 (38%) and 55 plus (23%). Under half of Canadians (46%) report that their employer has not given them a special raise in the past year because of the rising cost of living. Under one in ten (7%) say that they did receive a special raise from their employer because of the rising cost of living.
Nanos conducted an RDD dual frame (land- and cell-lines) hybrid telephone and online random survey of 1021 Canadians, 18 years of age or older, between December 19th to 22nd, 2022 as part of an omnibus survey. The margin of error for this survey is ±3.1 percentage points, 19 times out of 20. The research was commissioned by Bloomberg News and was conducted by Nanos Research.
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