Almost four in five Canadians say the country is already in recession or drawing close to one, while more than half say they have cut down on spending over the past month, a new survey finds.
The Maru Public Opinion poll shows 55 percent of Canadians believe the country is now in a recession, while 23 percent believe an economic downturn will hit in the next three months, adding up to a total of 78 percent of respondents reporting recession concerns.
Released on May 26, the survey also found roughly two-thirds (62 percent) of Canadians believe the economy is moving on the wrong track.
Respondents who said the country is already in recession make up the majority of the population in every province except Quebec (46 percent), with the largest majority in Atlantic Canada, followed by those in Alberta, Ontario, and British Columbia (57 percent). Saskatchewan and Manitoba trailed closely with a 56 percent majority….