FP Canada™ Coping with COVID's Financial Impact survey - Newswire Article
“The COVID-19 pandemic has had a dramatically negative impact on the financial health of Canadians, with nearly one third (30%) concerned they will not financially recover from the crisis, according to the findings of the newly released FP Canada™ Coping with COVID's Financial Impact survey.
The survey, released in advance of Financial Literacy Month, revealed that 42% of Canadians feel they are not in a strong enough financial position to handle the challenges of the second wave of COVID-19. Nearly as many (41%) confirm that they already feel that they're in a worse financial situation today than they were before the pandemic began. More than one third say they have already had to draw from personal savings or take on new debt to make up for money shortfalls and cover expenses.”