According to a new survey, majority of Canadians feel they are in a better economic position than the 2008 pre-recession period.

The statistic provided by BMO Harris Private Banking indicated that 54% of high-net-worth individuals  feel they are more secured financially. On the other hand, 36% shows their financial status did not change much and only 11% claimed that they are in a worse financial situation.

As for people from U.S: 61% had a positive answer and only 7% said they are in a worse financial situation.

High-net-worth individuals: People with $1-million assets and above

Almost half of Canadians have voted:47% look forward to an improvement in Canada’s economy while 61% expresses their optimism for U.S economy.

On the other hand, 61% Americans believed that Canada will become more prosperous in the future.

“High-net-worth Canadians clearly feel they have bounced back well from the 2008 downturn and are fairly upbeat about what the future has in store for Canada’s economy,” said by Alex Dousmanis-Curtis in a Thursday news release, who is the senior vice-president and head of BMO Private Banking.

Despite the fact that majority of Canadians are feeling better at present, in my opinion, one should still be prepared and observe carefully for any economic fluctuation.