Business
2025 IG Wealth Management Financial Confidence Index: Canadians Show Resilience with Personal Finances Amid Global Uncertainty
2025 IG Wealth Management Financial Confidence Index: Canadians Show Resilience with Personal Fin...
About this update from Igm Financial Inc.
[{"type":"text","content":"\n\n\n2025 IG Wealth Management Financial Confidence Index: Canadians Show Resilience with Personal Finances Amid Global Uncertainty\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nYear-end Index rises to 52, exceeding historical average for the first time since 2021Canadians' financial literacy climbs while trust in the economy remains low amid recession fearsCross-border anxiety grips Canada as U.S. political and economic issues dominate concernMajority say human financial advice is more vital than ever in the age of AIWINNIPEG, MB, Nov. 5, 2025 /CNW/ - According to the eighth annual edition of the IG Wealth Management Financial Confidence Index, (\"the Index\"), Canadians are showing a surprising degree of optimism and self-reliance when it comes to their personal finances despite widespread concerns about the global economy, political instability and affordability.\n\n\n\n\n\n\n\nThe Index, commissioned by IG Wealth Management (\"IG\") and conducted in partnership with Ipsos Canada, tracks and reports on Canadians' overall financial confidence based on 10 survey questions relating to IG's Four Pillars of Financial Confidence (\"the Pillars\"): Current Personal Financial Situation, Personal Financial Outlook, Planning and Literacy, and Trust in the Economy.\nThis year's Index score (52) rose above the historical average (51) for the first time since 2021, revealing a paradox: Canadians acknowledge worsening economic and political conditions but remain confident in their personal financial situations.\n\"We're clearly worried about what's happening around us, but we're also differentiating between macro trends and concerns and our individual financial situation,\" said Damon Murchison, President & CEO, IG Wealth Management. \"Navigating the COVID-19 pandemic built resilience and perspective and we're now seeing a shift – people are taking greater control of their daily finances and long-term planning.\"\nPersonal Financial Confidence Rises Despite Grim Economic Outlook \nThe Index underscores a compelling contrast between personal financia...