However, there are some gaps in financial knowledge that require advice and information from wealth professionals, particularly around their savings.
The survey shows that fewer than half (44%) of Canadians feel they were equipped with the advice and tools needed to save for their future.
While 70% felt confident in being able to stick to a budget, that leaves a significant share who are not. Those aged 18-54 are less confident in their regard (63%) than over 55s (81%).
Only a slight majority of Canadians (57%) feel financially prepared to deal with a major unexpected expense.
Savings uncertainty
The younger group was also less confident in knowing how much they should save each month – 67% compared to 82% for the older group.
