Dec 12, 2012

By Michael Kramer

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Nearly two-thirds of Canadians are concerned our economy will be hurt if a deal is not reached by U.S. politicians to avoid the “fiscal cliff.”

That’s the finding of a survey commissioned by Sun Life Financial.

The poll found that 63 per cent of Canadians are worried the automatic tax increases and government spending cuts set to take effect at the start of the year  will drag down the Canadian economy.

The question was asked as part of Sun Life’s annual check-up survey, which also found that more than half of Canadians think they are NOT better off financially compared to one year ago.

Sadiq Adatia is chief investment officer of Sun Life Global Investments.

He says the “fiscal cliff”  is just one of the concerns on Canadians’ minds.

Adatia says Canadians also face high debt levels and a slowing real estate market.

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