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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