CALGARY, ALBERTA–(Marketwired – Apr 11, 2017) – As the nation awaits the Bank of Canada’s next announcement on interest rates, Canadians’ appetite for cheap credit is being highlighted by a new Ipsos survey conducted on behalf of MNP Debt. Nearly thirty per cent of Canadians say that the current low interest-rate environment has caused them to take on more debt than they otherwise would have.
While some blame low interest rates for their borrowing binge, the survey revealed that three in ten will be comfortable increasing their debt load even more if interest rates go down. Six in ten say they’ll be more comfortable with their debt load if interest rates decrease.
Grant Bazian, President at MNP Debt, is stepping up his warnings to Can…
Read the full article at: http://finance.yahoo.com/news/three-ten-canadians-low-interest-103000635.html