With interest rates on the rise and record-high inflation rates persisting, nearly half of Canadians say they have lost sleep due to financial stress this year, according to a new poll.
“For the sixth year [in a row], Canadians say money is their top source of stress, with elevated inflation, higher gas prices and cost of groceries causing significant stress,” reads a report based on findings from a Léger survey conducted on behalf of FP Canada—a Toronto-based financial consultancy firm.
FP Canada’s annual “Financial Stress Index” for 2023 shows that money-related pressure continues to rise across the country on a year-over-year basis, with 40 percent of Canadians citing money trouble as their leading source of stress in 2023 compared to 38 percent in 2022….