More working Canadians are feeling financially stressed despite easing inflation, interest rates [Financial Post (Toronto, Ontario, Canada)]
TransUnion (TRU)
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Source: Financial Post
Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Thanks to a spell of higher prices and interest rates over the past year, more Canadians have been feeling the pinch in their wallets — and the National Payroll Institute is sounding the alarm. About 41 per cent of working Canadians are financially stressed, up from 37 per cent last year, according to a report released Thursday from the association, which represents payroll workers and has been tracking Canada's ongoing financial stress storm since 2021. “Despite signs of stability related to inflation and interest rates easing, it's not nearly enough to curb some of the rising financial stress among working Canadians,” said Peter Tzanetakis, president and chief executive of the National Payroll Institute, highlighting the decline in the proportion of Canadians who feel financially comfortable (from 32 per
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