As Canadians cut back, mortgage holders say they can make higher payments: BoC survey

As Canadians cut back, mortgage holders say they can make higher payments: BoC survey | Investment Executive ...Middle East

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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

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As Canadians cut back, mortgage holders say they can make higher payments: BoC survey | Investment Executive ...Middle East

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