Tag: financial-strain

• Canada now has one of the highest household debt levels in the world

  

  Interest Payments Now Consume Nearly 20% of Income for Some Canadians Canada ranks third globally for household debt among advanced economies, trailing only Switzerland and Australia. This high debt burden impacts Canadians unevenly, with lower-income households bearing the brunt. Impact of Rising Interest Rates A recent study by Fédération des caisses Desjardins du Québec reveals…

  Kaleylangille

  July 9, 2024

  Uncategorized

  budgeting, canada-household-debt, economic-vulnerability, economy, finance, financial-stability, financial-strain, housing-costs, income-disparity, inflation, interest-payments, lower-income-households, personal-finance, rising-interest-rates