A fifth of Canadians think they’ll never go debt free
A fifth of Canadians do not expect to ever escape debt in their lifetime.
Nearly fifty percent of Canadians drowning in debt, finds new study
A staggering 47 percent of respondents to a survey by the Calgary-based insolvency firm MNP say they “don’t expect to be able to cover basic living expenses over the next year” without increasing the amount of debt that they’re in, according to Bloomberg.
Bank of Canada holds interest rate steady amidst heavy household debt, mediocre economic forecast
The Bank is forecasts real GDP growth of 1.2 per cent this year, 2.1 per cent next year and 2.0 per cent in 2021.