Canadians, struggling with inflation and the steepest climb in interest rates in years, are finding it hard to make ends meet. Read on
Those are not the only “sobering numbers.” More Canadians are saying they will likely declare bankruptcy, up three percentage points from last month.
Nearly 85 per cent of those polled said they’re more worried about the elevated costs of everyday goods like food and gas than borrowing costs.Another survey by Statistics Canada out yesterday, found that one third of Canadians reported having difficulty making ends meet, with 26 per cent saying they would be unable to cover an unexpected expense of $500.
Overall, sentiment in Maru’s household outlook index fell one point to 87, which is slightly more pessimistic than the month before. .
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