Roughly two-thirds of consumers said they were reducing spending or planning to do so because of their expectations for interest rates and inflation. “While many Canadians are experiencing rising levels of financial stress, this stress is higher among those who typically live paycheque to paycheque,” the Bank of Canada said. The central bank said financially vulnerable households typically hold less than two weeks worth of expenses in liquid assets, frequently run out of money before the end of the month and are not able to immediately pay for an unexpected expense of $500. The survey found one in four consumers reported having at least one of these char
Hence then, the article about as canadians cut back mortgage holders say they can make higher payments boc survey investment executive was published today ( ) and is available oncanadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( As Canadians cut back, mortgage holders say they can make higher payments: BoC survey | Investment Executive )