A survey on retirement by TD Bank Financial Group's first North American revealed that Canadian retirees are more convinced about their situation than American retirees, regardless of the recession. According to the report,
30% of Canadian retirees are certain that recession did not affect them while 12% feared running out of the money and 10% thought they might have to seek a new job.

This survey, released on Wednesday, stated that retirement situations in Canada are in harmony with what people had visualized than it is in the United States.

Almost 70% of retirees in Canada said that they predicted the post-retirement life to be the same as compared to United States where number declines to 50%. As a result most of the Americans are spending a smaller amount due to recession.

Frank McKenna, Deputy Chairman at TD and former Canadian Ambassador to the United States said, "The timing of the survey of 1,002 retired Canadians and 1,009 retired Americans, done by Angus Reid Public Opinion between Jan. 12 to 18. The U. S. has been going through a much greater period of anxiety than in Canada, between the overall depths of the recession, the level of unemployment, and particularly the stress on the housing market. Canada has experienced all of those impacts, but to a much lesser extent".