Most Canadians believe U.S. tariffs are hitting them in their pocketbooks, according to a new report from the Salvation Army that suggests financial optimism is flagging.
The online survey of more than 1,500 Canadians found 86 per cent agreed the tariffs were driving up the cost of household staples, and 79 per cent believed American trade policies were hurting low-income households the most.
“As we look at things like the impact of U.S. tariffs driving up prices on everyday goods, certainly we see a lot of Canadians responding to the survey expressing that they have seen this to be true,” said Glenn van Gulik, territorial communications manager for The Salvation Army Canada.
The Annual Canadian Poverty and Socioeconomic Analysis also found the portion of Canadians who feel optimistic about their finances dropped from 51 per cent last year to 46 per cent this year.
It found concerns around jobs are growing, with 22 per cent of respondents saying unemployment and job insecurity were among their three biggest worries, compared to 14 per cent last year and 10 per cent in 2023.
Health care remains the most common worry for Canadians, though the percentage dropped between 2024 and 2025, from 59 per cent to 51 per cent saying it concerns them.
Get weekly money news
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
Still, the news out of the report wasn’t entirely bad.
Those dealing with health issues dropped from 54 per cent last year to 47 per cent this year.
And the portion of respondents who said they were managing limited financial resources stayed steady at 64 per cent, down from 68 per cent in 2023.
Even so, the survey found people were a little less likely to give to charity this year. Those who made a small charitable donation of under $100 dropped from 69 per cent to 68 per cent, while those who made a non-financial contribution such as clothing or food went from 67 per cent last year to 63 per cent this year.
Van Gulik said that’s troubling, because in these stressful financial times, charities are more important than ever.
“Individuals are certainly identifying that the support services that they’ve received from the Salvations Army has improved their family’s well-being,” he said.
The online survey was conducted by Angus Reid from Sept. 12 to 16 among a representative sample of 1,521 Canadians.
The polling industry’s professional body, the Canadian Research Insights Council, says online surveys cannot be assigned a margin of error because they do not randomly sample the population.
© 2025 The Canadian Press
#Canadians #financially #optimistic #U.S #tariffs #survey #National
