“Canadians have not witnessed such economic uncertainty since the pandemic,” says Grant Bazian, President of MNP. “Many feel stuck, hesitating to make big life or financial decisions as they wait for things to stabilize.”
Younger adults and lower-income households are bearing the brunt with one third of Canadians aged 18-34 saying they’ve put their lives on pause, while close to half in that group feel stressed about their financial situation.
Overall, almost one in three respondents say they’re living paycheque to paycheque, rising to 45% among those earning under $40K. However, young Canadians are the least likely to say they’re being more cautious with their money, even though…