60 Percent of Canadians Are Worried About the Impact of Interest Rate Hikes: Report

Started by Epoch-Times-Bot, Oct 25, 2022, 06:15 PM

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Epoch-Times-Bot

Oct 25, 2022, 06:15 PM
60 Percent of Canadians Are Worried About the Impact of Interest Rate Hikes: Report

As Canadians brace themselves for another interest rate hike and a potential recession, a survey shows that 60 percent of Canadians are worried about the potential impacts interest rate hikes will have on them.
MNP, one of Canada's largest insolvency firms, says that the number of Canadians worried about interest rates is higher than ever since they started keeping track in 2017, with renters and low-income households being the most financially vulnerable to the impacts of rate hikes.
"These groups will need to be particularly cautious with their spending in the coming months to keep themselves out of financial trouble," said Grant Bazian, president of MNP....

Source: 60 Percent of Canadians Are Worried About the Impact of Interest Rate Hikes: Report

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