Posthaste: One in six Canadians say they are likely to default on a major loan, poll finds
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The poll is just the latest indicator of stress in Canadian households as they try to cope with decades-high inflation and borrowing costs that have increased 4.25 percentage points in just under a year.Article content 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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Posthaste: One in six Canadians say they are likely to default on a major loan, poll findsCanadians, struggling with inflation and the steepest climb in interest rates in years, are finding it hard to make ends meet. Read on
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Posthaste: One in six Canadians say they are likely to default on a major loan, poll findsCanadians, struggling with inflation and the steepest climb in interest rates in years, are finding it hard to make ends meet. Read on
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