Over half of Canadians are $200 or less away from being unable to pay bills Canada
Over half of Canadians say they're $200 or less away from being unable to pay their bills, according to the latestThe report cites rising interest rates and the high cost of living as the primary reasons Canadians cannot meet their financial obligations.
Among respondents, 35 per cent said they already don't make enough to cover their bills and debt payments, making this the highest recorded proportion since the report began to be published five years ago. The report says that 52 per cent of respondents regret the amount of debt they've accumulated and 48 per cent are worried about their current level of debt. These have both reached all-time highs this quarter, notes MNP.
According to the report, 66 per cent of respondents are more concerned about their ability to pay off their debts as interest rates rise, and 63 per cent say they'll"be in financial trouble" if interest rates go up any further.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Today in Canada’s Political History: Japanese Canadians stripped of voting rights | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
Four Canadians prevail in Calgary Stampede rodeo finalsCanadian cowboys held their own at the Calgary Stampede rodeo by winning four of six events on Showdown Sunday.
Read more »
How long do Canadians in need have to wait for affordable housing? Depends where they live | CBC NewsStatistics Canada's latest data shows that 1.5 per cent of Canadian households, more than 227,000 altogether, were on waiting lists for social or affordable housing. And the majority of those households, more than 148,000 of them, had been waiting for two years or longer.
Read more »
Mendicino says Privacy Act restricts disclosure for inmate transfers. Watchdog differs - National | Globalnews.caPublic Safety Minister Marco Mendicino has said that the Correctional Service of Canada owes Canadians an explanation given the severity of Paul Bernardo's crimes.
Read more »
Privacy Act allows disclosure for inmate transfers, Mendicino said it restricts themSoon after Canadians were told privacy law was preventing them from learning why notorious serial killer Paul Bernardo was moved to a medium-security prison, the federal privacy watchdog was reminded behind the scenes that there are ways around it.
Read more »
VIDEO: Why it’s time to trash 'best before' datesMany shoppers don't understand the difference between an expiry date and a best before date, which leads to massive food waste — and bigger grocery bills
Read more »