{"id":16201,"date":"2020-07-30T10:10:00","date_gmt":"2020-07-30T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=16201"},"modified":"2020-07-29T08:04:02","modified_gmt":"2020-07-29T15:04:02","slug":"sky-high-financial-stress-environment-further-threatening-the-return-to-relative-stability","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2020\/07\/sky-high-financial-stress-environment-further-threatening-the-return-to-relative-stability\/","title":{"rendered":"Sky-High Financial Stress Environment Further Threatening The Return to Relative Stability"},"content":{"rendered":"<p style=\"text-align: justify;\">A new study by the Canadian Payroll Association has found considerable financial, economic, and job loss pressures even among those who remained employed during the COVID-19 pandemic \u2013 further threatening the housing sector\u2019s return to relative stability.<\/p>\n<p style=\"text-align: justify;\">The online survey, which polled 4,264 working Canadians, found that 58% are experiencing greater stress during the coronavirus crisis. Approximately 33% also said that they are afraid of losing their employment in the present environment.<\/p>\n<p style=\"text-align: justify;\">While 77% have been working remotely during the pandemic, job loss fears might push as much as 20% to go to their offices even when they feel under the weather.<\/p>\n<p style=\"text-align: justify;\">\u201cHere, the link to physical health is clear, and the potential for financial stress to contribute to the spread of a second wave of the virus becomes a serious concern,\u201d the CPA study said.<\/p>\n<p style=\"text-align: justify;\">\u201cThe repercussions of the pandemic continue to threaten our country\u2019s return to stability. Our research shows that COVID-19 has directly affected the financial stress of working Canadians, many of whom express deep concern about the economy as a whole,\u201d said Peter Tzanetakis, president of the CPA. \u201cRecognizing that financial stress already costs Canadian businesses billions of dollars, developing strategies to help Canadians decrease or manage that stress should be a part of our broader strategy for economic recovery.\u201d<\/p>\n<p style=\"text-align: justify;\">Around 60% of respondents said that they are worried about the Canadian economy, while 55% are concerned about the national employment situation. More than 54% said that their employer has suffered serious economic impact due to the coronavirus.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/skyhigh-financial-stress-levels-could-lengthen-covid19-recovery-331929.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Sky-High Financial Stress Levels Could Lengthen COVID-19 Recovery<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new study by the Canadian Payroll Association has found considerable financial, economic, and job loss pressures even among those who remained employed during the COVID-19 pandemic \u2013 further threatening &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2020\/07\/sky-high-financial-stress-environment-further-threatening-the-return-to-relative-stability\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-16201","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sky-High Financial Stress Environment Further Threatening The Return to Relative Stability &#8226; 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