The majority of Canadians will not make any changes to their RRSP contribution amount this year, according to a new poll commissioned by Edward Jones.

The poll found that 66% of respondents will not change their RRSP savings plans.

Only 8% of Canadians have or plan to decrease their contributions, while 3% have or plan to increase their contributions.

“We believe the market is presenting great buying opportunities for quality stocks and equity mutual funds,” says Kate Warne, Canadian market strategist, Edward Jones. “Just as consumers take advantage of sales at their favourite department stores, long-term investors can take this opportunity to purchase quality investments at lower prices.”

The Canadian survey results are based on an online survey of 1,021 nationally representative adults between Oct.16 and Oct. 20 by Harris/Decima. A sample of this size will provide results that can be considered accurate within plus or minus 3.1%, 19 times out of 20.

IE