Since Pierre Poilievre launched his Conservative leadership campaign, polls have shown a shift many previously thought impossible in Canadian politics: younger voters turning rightward.
In a reversal of the 2015 election that carried Prime Minister Justin Trudeau to power, the 18-34 demographic now heavily favours team blue while the over 65 cohort strongly prefers team red. The latest poll out of Abacus Data shows the CPC now has a 10-point lead with millennials — a group Trudeau still held by a solid seven points in Abacus’ post-2021 federal election survey.
Debt among Canadian millennials at record levels, while earnings haven’t kept up: RBC report
Canadian millennials are more likely to face the brunt of a wavering labour market as most face mounting debt with an income that fails to keep up with inflation, according to a report from RBC Economics.
The report released on Wednesday said Canadian millennials are more vulnerable to serious financial burdens if job losses continue to rise in their age bracket. July marked the third consecutive month Canada’s overall unemployment rate has increased; the rate stood at 5.2 per cent in May before it rose to 5.5 per cent in July, according to Statistic Canada.
