Only 53 per cent of Canadians trust the core institutions of business, government, media and non-governmental organizations (NGOs) according to the 2020 Edelman Trust Barometer report, marking a three per cent decline from last year.
The online survey found that Canadians were also more pessimistic about economic prospects, with 35 per cent of respondents believing they and their families will be better off in five years, down two per cent from last year.
Trust in technology declined eight per cent in Canada, with ability of government regulation, the pace of change and the ability to know if what a person is seeing or hearing is real cited as the main worries.
Canadians%u2019 trust in NGOs declined by four per cent, trust in media declined four per cent, trust in business declined by three per cent as did trust in government. Even with the decline in trust in the four core institutions, the report found Canadian findings to be %u201Cneutral,%u201D not high enough to be considered trust and not enough of a decrease to be marked as distrust.
Seventy per cent of Canadian respondents believed that companies should stop advertising with any media platform that fails to prevent the spread of fake news and false information.
Canadians listed the gig-economy as the major reason they were worried about losing their job, followed by lack of training or skills, fears of a looming recession, automation, immigration, foreign competition and jobs being moved abroad.
What are some of the other findings?
The report marked a loss of trust worldwide, and found there were %u201Ctwo different trust realities,%u201D in that the informed public trusted core institutions more than the mass population.
- 56 per cent of the respondents said that capitalism as it exists today does more harm than good in the world
- 83 per cent of respondents worried about losing their job
- 61 per cent said the pace of technology is too fast and government does not understand emerging technologies enough to regulate them effectively
- 57 per cent said the media they use were contaminated with untrustworthy information
- 73 per cent of respondents worried about false information or fake news being used as a weapon
The report notes that %u201Cno institution was seen as both competent and ethical,%u201D with only business being seen as competent and only NGOs seen as ethical.
Ethics and ethical drivers were three times more important to company trust than competence, with 92 per cent of respondents saying it was important for their employer%u2019s CEO to speak on issues ranging from diversity, income inequality and climate change.
How was the report measured?
The annual report, based on surveys of 1,150 people in 28 different markets between October and November last year, had more than 34,000 respondents in total.
The report separates the %u201Cgeneral online population%u201D cited in their findings into two segments %u2013 %u201Cinformed public%u201D and %u201Cmass population.%u201D
Informed public represents 17 per cent of the total global population according to the report, and meets four criteria: being between the ages of 24 and 64, be college-educated, be in the top 25 per cent of household income per age group in each market and report %u201Csignificant media consumption and engagement in public policy and business news.%u201D
Mass population is defined in the report as %u201Call population not including the informed public%u201D and represents 83 per cent of the total global population.
The report measured %u201Cbelief in the system%u201D of the core institutions by four dimensions: a sense of injustice, a lack of hope, a lack of confidence and a desire for change.
Institutional competence and ethics scores were measured by four dimensions: purpose-driven, honest, vision, and fairness.
The report notes that because the Edelman Trust Barometer is an online survey that %u201Cin developed markets a nationally-representative online sample closely mirrors the general population.%u201D However, for markets with lower levels of internet penetration, the online sample will skew towards more affluent, educated and urban than the general population.
