Two-thirds of Canadians 'desperately' need interest rates to go down: MNP survey

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Two-thirds of Canadians 'desperately' need interest rates to go down: MNP survey
Interest RatePersonal FinancesNegative Perceptions
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CALGARY — A new survey says the Bank of Canada's recent interest rate cut did little to change Canadians' negative perceptions about their personal finances.

CALGARY — A new survey says the Bank of Canada's recent interest rate cut did little to change Canadians ' negative perceptions about their personal finances .

Two-thirds of respondents say they desperately need interest rates to go down, as more than half indicate they are concerned rates may not fall quickly enough to provide the financial relief they require. Grant Bazian, president of MNP Ltd., says that with the prices of many daily necessities still high, "many have not seen the meaningful reduction in their monthly expenses needed to ease their financial burdens."NEW YORK -U.S. President Joe Biden ended his reelection campaign on Sunday after fellow Democrats lost faith in his mental acuity and ability to beat Donald Trump, leaving the presidential race in uncharted territory.

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