Two-thirds of Canadians ‘desperately’ need interest rates to go down, MNP survey shows

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Two-thirds of Canadians ‘desperately’ need interest rates to go down, MNP survey shows
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The MNP Consumer Debt Index, conducted quarterly by Ipsos, dropped six points from the previous quarter to 85 points, which it says signals increasingly negative views on respondents’ debt situation

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.

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