6 in 10 Canadians expect economy to worsen in 2026

An MNP Consumer Debt Index survey conducted by Ipsos found 59% of Canadians expect the overall economy to worsen in 2026, and 71% expect higher living costs.

A recent MNP Consumer Debt Index survey reported broad concern among Canadians about economic conditions for 2026. The poll, conducted by Ipsos between Nov. 28 and Dec. 1, reached 2,001 adults. Respondents cited rising living costs, housing pressure and interest-rate-related strain as primary worries. Key findings: - 59% of respondents expect the overall economy to worsen in 2026. - 71% expect higher living costs in the year ahead. - 41% report being $200 or less away from financial insolvency each month, a decline of seven percentage points from the previous quarter. - The average amount left at the end of the month rose to $907, an increase of $163 from last quarter, and 59% said they are taking steps such as adjusting budgets or consolidating debt. Summary: The survey shows widespread concern about costs, housing pressure and job-market anxiety, while some households report modestly improved month-end balances. Undetermined at this time.