- Nearly half say they are already feeling the effects of the interest rate increases, up 7 points since June
- One-third express concern that rising rates could move them towards bankruptcy, up 6-points since June
- Over half are concerned about their ability to repay their debts if interest rates continue to climb, up 3 points since June
- Concern and regret about current debt levels has reached its highest point since tracking began
CALGARY, Alberta, Oct. 23, 2018 (GLOBE NEWSWIRE) — As another interest-rate hike looms over Canadians, so does the increased possibility of financial turbulence. According to the latest MNP Consumer Debt Index, the fear of a rate increase has intensified over the past few months, as one-third of Canadians express c…
Read the full article at: https://globenewswire.com/news-release/2018/10/23/1625631/0/en/MNP-Consumer-Debt-Index-Fear-of-rate-hikes-continues-to-intensify-among-Canadians.html