- One in three Canadians say they are unable to cover their monthly bills, up eight points since September.
- Half are more concerned about their ability to repay debts, up three points since September.
- Average Canadian left with $112 less at the end of the month compared to last quarter.
CALGARY, Alberta, Jan. 15, 2018 (GLOBE NEWSWIRE) — Canadians are growing increasingly concerned about their ability to repay debts and have seen their household budgets tighten significantly since interest rates began to rise in July, according to the latest MNP Consumer Debt Index. The quarterly survey, conducted by Ipsos on behalf of MNP LTD, paints a concerning picture; one in three (33%) Canadians now say that they are unable to cover their …
Read the full article at: http://markets.businessinsider.com/news/stocks/Canadians-increasingly-pessimistic-about-their-ability-to-absorb-higher-interest-rates-and-cover-their-monthly-bills-1013087771
