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Tariffs and U.S.-Canada Relations Are the Top Financial Concern for Seniors: New Research From HOOPP and Abacus Data

  • On June 17, 2025, HOOPP and Abacus Data released the 2025 Canadian Retirement Survey showing trade disputes and geopolitical instability deeply concern Canadians' retirement plans.
  • The survey, conducted online from April 11 to 16, 2025, reflected rising financial stress and fears that tariffs will damage investments amid uncertain economic conditions.
  • It found 45% of investors have increased financial stress, 57% expect tariffs to harm investments soon, and 22% are saving more due to geopolitical instability.
  • Meanwhile, 67% of Canadians expressed strong concern about Canada-U.S. relations, 47% prioritized saving for retirement, and 55% live paycheque to paycheque, limiting their savings ability.
  • These findings suggest many Canadians feel insecure about retirement security and highlight the importance of addressing both financial and emotional support needs as markets and trade tensions persist.
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The Record broke the news in Waterloo, Canada on Tuesday, June 17, 2025.
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