For Canadians, the fallout from COVID-19 has many re-evaluating their financial priorities. A recent survey1 showed that 8 in 10 Canadians were rethinking them. Since the pandemic began, the survey found that many were questioning if their retirement savings will allow them to live the life they’ve planned in their work-free years, or if they need to do more to bulk up their savings. Others are concerned about the stability of their income and their short-term cash flows.
More than ever, investors are looking to financial experts for guidance to help them make the right decisions or get answers to tough financial questions. Since the pandemic began, 33% of investors surveyed say they have been speaking with their advisor more frequently.