A new poll says the number of Canadians who are $200 or less away from financial insolvency at month-end has jumped to 46 per cent, up from 40 per cent in the previous quarter, as interest rates rise.
A survey conducted for insolvency firm MNP Ltd. in December also found that 31 per cent of Canadians say they dont make enough money to cover their bills and debt payments, up seven per cent from the September poll.
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The results released Monday also indicated that 51 per cent of respondents say they are feeling the pinch of interest rate increases, up from 45 per cent a quarter ago.
Many have so little wiggle room that any incr…
Read the full article at: https://globalnews.ca/news/4870779/canadians-financial-insolvency-2019-mnp-ipsos-poll/