Tuesday Jan 25th, 2022


The beginning of 2022 has been marked by growing pessimism from Canadians on the country’s economic outlook and their personal finances, with polls released in recent weeks indicating a dip in consumer confidence and increased uncertainty about the future.

Business advisory firm MNP Debt reported this month that its Consumer Debt Index – which monitors Canadians’ financial optimism and ability to handle their expenses – had fallen to a historic low, registering a seven-point decrease compared to the previous quarter.

That finding emerged as 43% of survey respondents described themselves as concerned about their current debt levels, a five-point rise over the previous quarter, with the percentage of those who felt they could easily cover their living expenses in the next 12 months falling five points to 55%. # SANDI HALOPERN # SOLD # LEASED # REAL ESTATE # CONSUMER CONFIDENCE

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