Harmeet Singh

For the first time since 2009, more Canadians are feeling pessimistic than optimistic about the economy and are limiting their discretionary spending because of high debt levels and worries about retirement security, according to the latest Consumerology Report.

The quarterly report from ad agency Bensimon Byrne, based on a survey of 1,500 people, suggests that 55% of Canadians believe the economy is in decline, compared with 45% who believe it’s growing.

Read more: http://strategyonline.ca/2015/03/04/canadian-consumers-to-cut-spending/#ixzz3TWry6AhK