Investor Survey Finds Canadians Optimisitc
Posted May 22, 2012 09:52:51 AM.
This article is more than 5 years old.
It seems Canadians are more optimistic about the economy and investments than their counterparts south of the border.
In a new global survey from Franklin Templeton Investments, 50% of Americans believe their local economy has diminished, but only 28% of Canadians felt the same way.
Vice President Keith Damsell tells 570 News Canadians seem more bullish when it comes to the investment climate, and it could be related to what they’ve been hearing from their government.
Finance Minister Jim Flaherty has repeatedly stated that Canada didn’t suffer as badly as Americans did during the 2008 financial crisis, and Damsell says Canadians didn’t suffer as bad a hiccup as their southern neighbours.
He says Canada’s commodities boom out west played a role and our unemployment figures are improving, but in the US seems to be hovering around 9%.
The survey also found that 41% of Canadian investors are predicting positive returns in the current market, but only 37% of American investors felt the same way. Americans were also more negative with 26% forecasting losses on investments.
Damsell says one surprising find was the “home country bias”. 65% of Canadians and 63% of American will invest in their own nation this year and half believe their country will offer the best return on that investment.
More than 20,000 investors in 19 different countries responded to the survey.
