Almost 60% of Canadians concerned about not being able to pay debts as interest rates head upward - Toronto Star
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4/19/2022 12:00:00 AM3 yearsago
A Consumer Debt Index survey in March found that two in 10 respondents aren’t financially prepared to deal with rising interest rates and four in 10 worry they may be driven closer to bankruptcy.
The latest Bank of Canada rate hike — and the promise of more to come — has Canadians worried about their bottom line. MNP’s Consumer Debt Index surveyed 2,000 Canadians in March, not long after the… [+4643 chars]
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