59% of people expect the Bank of Canada\u0027s latest interest rate hike to have a negative impact on their finances, a survey says. Read on
Three-in-five are expecting the rate increase to have a negative impact on their finances and one-third are bracing for “significant” challenges,Those paying a mortgage are experiencing the direct impact of increasing interest rates, with nearly two-in-five having trouble making their payments. Nine in 10 mortgage-holders are anticipating the latest increase will further exacerbate this pain.
It’s not just homeowners who are finding it difficult to keep up with their payments. An even larger number of renters are struggling to pay their monthly rent, with two-thirds expecting their finances to worsen from the rate increase.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Posthaste: Latest Bank of Canada rate hike to take toll on many people's finances59% of people expect the Bank of Canada\u0027s latest interest rate hike to have a negative impact on their finances, a survey says. Read on
Read more »
Posthaste: Latest Bank of Canada rate hike to take toll on many people's finances59% of people expect the Bank of Canada\u0027s latest interest rate hike to have a negative impact on their finances, a survey says. Read on
Read more »
Bank of Canada staff received $26.7 million in bonuses and raises in 2022 - BNN BloombergBank of Canada staff received $26.7 million in bonuses and raises in 2022.
Read more »
'Surprised if Bank of Canada continued to raise rates': What economists are saying about retail salesConsumers appear to be ramping down on their spending, leading some to think that could act as a stay on more rate hikes. Read on.
Read more »
'Surprised if Bank of Canada continued to raise rates': What economists are saying about retail salesConsumers appear to be ramping down on their spending, leading some to think that could act as a stay on more rate hikes. Read on.
Read more »
Canada vs. Nigeria: Live updates of Canada’s first Women’s World Cup matchCanada makes its first appearance at the World Cup today. Here’s who is playing, where to watch and news from the Melbourne Rectangular Stadium in Australia
Read more »