Though most Canadians say they’re optimistic about their finances (77%), nearly three in five (59%) say they’d feel “significantly less” confident if interest rates go up again, finds the annual CIBC financial confidence survey.

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Further, 70% of those surveyed say the impact of inflation and rising costs of household goods, such as gas, utilities and groceries, makes them feel less financially confident.

Among those who are confident, the rising stock market is the most popular reason (29% of respondents). Significantly more men than women are confident because of rising stocks—37% of men versus 21% of women.

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“There could be many reasons for this disparity, ranging from pay equity to self doubt about how to best manage their money,” says Jennifer Hubbard, managing director of financial planning and advice at CIBC, in a release.

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Other top confidence boosters are the minimum wage increase (21% of respondents) and moderate economic growth (17%).

About the survey: From Dec. 11 to Dec. 12, 2017, an online survey was conducted among 1,524 randomly selected Canadian adults who are Angus Reid Forum panellists. The margin of error, which measures sampling variability, is +/- 2.5%, 19 times out of 20.