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Canadians’ anxiety about debt spikes amid high inflation, rising interest rates:

Canadians’ debt concerns rising amid higher interest rates and persistent inflation, report suggests Bankruptcy trustee firm MNP says its quarterly consumer debt index fell 15 points since its last survey to an all-time low of 77 points

and have many Canadians concerned about their debt. 45% say they are $200 away or less from being unable to meet all their financial obligations.

MNP Debt Index Falls To All-Time Low as Canadians Becoming Increasingly Concerned and Regretful about their Debt Canadians are Taking Steps to Save Money, but Interest Rates, Inflation, and Affordability have many Concerned About their Debt