6 Sep 2011

More than half of Canadians confident about job security

While global economic uncertainty grips much of the world, a majority of Canadians don't think they'll lose their jobs as a result, according to a new survey.

Fifty-one percent of Canadians said they are confident they will have their job for at least the remainder of the year, a Bank of Montreal Labor Day poll recently reported.

Michael Gregory, senior economist for BMO Capital Markets, said that the country's economy has the weathered the world's financial crisis well.

"The Canadian labour market has performed admirably, recovering all the jobs lost during the recessing by January," said Gregory. "The unemployment rate is currently 7.2 per cent compared to a recession-high of 8.7 per cent."

Also commenting on the study was BMO's president of commercial banking, Cathy Pin. She added that in addition to most Canadians expressing optimism about their job status, they are also confident their place of employment would likely hire more workers in the coming months.

Confidence is something Canadians highly value. The trust customers have placed in Jiffy Self Storage is part of the reason why we're the 15-time winner of the Consumers' Choice Award.

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