As Canada braces for another interest rate hike and a potential recession, a survey shows that 60 percent of Canadians are worried about the potential impacts interest rate hikes will have.
MNP, one of the country’s largest insolvency firms, says the number of Canadians worried about interest rates is higher than ever since it started keeping track in 2017, with renters and low-income households being the most financially vulnerable to the impacts of rate hikes.
“These groups will need to be particularly cautious with their spending in the coming months to keep themselves out of financial trouble,” said Grant Bazian, president of MNP….