This Canada Day when you reflect on being Canadian here are a few more characteristics you might not have known about, thanks to comparison site Compare the Market AU.
In honour of Canada’s national holiday, the household finance comparison site looked back at its surveys on driving, health, travel and finance “to celebrate what the nation does well.”
Canadian drivers, for example, are the least likely to have a car accident, according to a
survey comparing Canadians, Australians and Americans.
Drivers in the U.S. were the only group who reported a higher than 50 per cent rate of car accidents. Canadian drivers came in as the safest, with 60 per cent of respondents saying they had not been in a car accident in their own car.
However, Canadians are more likely to lose their luggage when flying than either Americans or Australians.
Canadian respondents
reported the highest rate of lost luggage
, with 30.4 per cent answering yes. Australian flyers reported the lowest rate at 20.4 per cent, while Americans were in the middle with a lost luggage rate of 25.9 per cent.
Most Canadians though got their luggage back eventually, while residents of the other countries had a higher risk of never seeing their bags again.
America, which lacks a public health system, had the highest share of respondents who said
they owed money for healthcare costs.
Seventeen per cent of Canadians, however, also said they were in debt over medical fees, higher than the 12 per cent of Australians who have a mixed public-private system.
Canadians are also most likely to
help out their adult children financially.
More than a third of adults, 37 per cent, surveyed by Compare the Market, said that their parents lent or gave them money for purchases or regularly sent money to assist with expenses. That’s compared to 33 per cent of the Americans and 23 per cent of the Australians.
“Our research has found that Canadians have a lot to be proud of. They’re safer drivers, have affordable healthcare, and are more generous in supporting their adult children financially. It’s a nation of people that care and look out for each other, and that’s something to celebrate,” said Compare the Market spokesperson Chris Ford.
And this year, faced with U.S. President Donald Trump’s tariff threats and comments about the 51st state, the celebration will be especially meaningful, according to another poll.
Almost half of Canadians said this Canada Day will be more meaningful to them than usual, with 81 per cent saying they plan to celebrate, according to a survey by
Petro-Canada and Harris Poll.
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Canada’s economy is losing momentum, data showed Friday.
Gross domestic product shrank
by 0.1 per cent in April and the same again in May, according to an early estimate by Statistics Canada, setting the stage for contraction in the second quarter.
GDP may decline at about an 0.5 per cent annual rate for this quarter and contract again in the third, said Douglas Porter, chief economist for BMO Capital Markets.
“Certainly not good news, but also a less dire outcome than expected a few months back at the height of the tariff drama,” he wrote in a note after the data.
Still the reading raised market odds of a Bank of Canada interest rate cut in July.
- Hudson’s Bay has until today to vacate its 80 stores and 16 more that were operated under the Saks banner. Canada’s oldest retailer wrapped up liquidation sales and closed its doors at the start of June, but has since been emptying its stores of fixtures, furniture and equipment.
- Earnings: Cogeco Communications Inc.
- What is Canada’s digital services tax and why is it infuriating Trump?
- Canada’s economy starts to lose momentum
- Is Canada setting itself up for a big home price spike in 2030?
Spousal registered retirement savings plans (RRSPs) have been around for decades, and for many couples, these plans can play an important role in reducing tax upon retirement. But, they can be complicated, and it’s important to understand how they work and when they are most appropriately used in retirement. Tax expert Jamie Golombek takes us through the contribution rules, and looks at a few of the most common reasons for using spousal RRSPs.
Read on
Send us your summer job search stories
Last week, we published a feature on the
death of the summer job
as student unemployment reaches crisis levels. We want to hear directly from Canadians aged 15-24 about their summer job search.
Send us your story, in 50-100 words, and we’ll publish the best submissions in an upcoming edition of the Financial Post.
You can submit your story by email to
fp_economy@postmedia.com
under the subject heading “Summer job stories.” Please include your name, your age, the city and province where you reside, and a phone number to reach you.
McLister on mortgages
Want to learn more about mortgages? Mortgage strategist Robert McLister’s
Financial Post column
can help navigate the complex sector, from the latest trends to financing opportunities you won’t want to miss. Plus check his
mortgage rate page
for Canada’s lowest national mortgage rates, updated daily.
Financial Post on YouTube
Visit the Financial Post’s
YouTube channel
for interviews with Canada’s leading experts in business, economics, housing, the energy sector and more.
Today’s Posthaste was written by Pamela Heaven with additional reporting from Financial Post staff, The Canadian Press and Bloomberg.
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Posthaste: Four things about being Canadian you probably didn't know
2025-06-30 12:01:40
