Canadians face severe financial stress, with many struggling to cover monthly bills despite recent interest rate cuts.
Despite recent interest rate cuts, Canadians are experiencing heightened financial stress, with half barely able to cover monthly bills. MNP's Consumer Debt Index hit its second-lowest level since 2017, and personal debt ratings reached an all-time low. Two in five respondents are worried about job loss, and 56% doubt they can meet living expenses without accruing more debt.
2 months ago
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