4 in 10 Canadians worried about COVID-19s impact on their retirement plan: Poll

Author: External Author | | Categories: Business Law , Commercial Mortgage , Corporate Law , Law Firm , Legal Service , Residential Mortgage

Canadians are becoming increasingly concerned about the impact that the COVID-19 pandemic will have on their retirement savings, according to a new CIBC poll.

The findings, published Thursday, found four out of 10 Canadians are worried about how COVID-19 will affect their anticipated lifestyle in retirement, with 23 per cent of respondents unable to contribute to their retirement savings since the pandemic began.

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Original Article Source Credits:   BNN Bloomberg , https://www.bnnbloomberg.ca/

Article Written By:  Hilary Punchard, BNN Bloomberg

Original Article Posted on:  Oct 22, 2020

Link to Original Article:  https://www.bnnbloomberg.ca/4-in-10-canadians-worried-about-covid-19-s-impact-on-their-retirement-plan-poll-1.1511677