Rebound in Canada's Consumer Debt Index due to interest rate cut prospects, but concerns over rising living costs and mortgage renewals persist.
Insolvency firm MNP Ltd. reports a rebound in the Consumer Debt Index, indicating some Canadians feel more optimistic about their debt due to interest rate cut prospects. Despite this, nearly half of respondents still express concern over rising living costs, and mortgage renewals. Many Canadians continue to feel squeezed, despite a perceived improvement in their debt situations.
April 08, 2024
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