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Consumers across Canada are preparing to hunker down for a long financial squeeze, amid growing financial concerns (80%) and low economic confidence (63%), according to the latest EY Future Consumer Index Survey. Over half of households expect their living costs to continue trekking upwards, as concerns over personal finances affect all income levels, from low income (87%) and […]
According to a newly released study by IG Wealth Management (IG), a significant percentage of Canadians have the opportunity to more effectively manage their cashflow by including mortgage payments in their monthly budgeting. The study, conducted in partnership with Pollara Strategic Insights, found that: More than two-thirds (67 per cent) of all Canadians reported having […]
It wasn’t always easy for parents and children to have the “money talk”. Once seen as a taboo conversation for children, the tides have started to turn when it comes to the cold hard truth about cold hard cash, according to a new survey* from the PC Financial® team conducted ahead of this year’s back-to-school season. […]
A recent survey conducted by the Chartered Professional Accountants of Canada (CPA Canada) indicates that many Canadians are treading water financially after more than two years of pandemic and economic turmoil. The Thriving or Surviving study uncovers the kitchen table issues that confront Canadians daily, revealing how the country is coping with concerns such as debt, savings, emergency funds and […]
A new poll by Scotiabank has revealed 75% of Canadians are worrying about their finances. On average, Canadians are worrying about their finances 10 hours a week, the equivalent of 3 weeks a year, up 25% from 2020. A third of Canadians, or 32%, say worrying about their finances keeps them awake at night. Results […]