The financial resilience and financial well-being of Canadians during the COVID-19 pandemic

As Canada begins the recovery from the health and economic impacts of the COVID-19 pandemic, there are concerns for the financial well-being of Canadians and a heightened awareness of the importance of financial resilience. This paper looks at how Canadians are reporting their financial difficulties on the Labour Force Survey, expands on research into how the weekly income of Canadians has been affected, and examines changes in the Seymour Financial Resilience IndexTM over the pandemic period. This report is the result of a collaboration between Statistics Canada and Seymour Consulting Inc.