Finance

80% of Canadians are concerned about their finances amid rising cost-of-living, finds EY survey

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 […]

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Sixty Per Cent of Canadians Don’t Include Their Mortgage in Monthly Budgeting

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 […]

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Are we thriving or merely surviving? New CPA Canada study examines the state of Canadians’ finances in today’s turbulent times

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 […]

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