Canadian consumer debt fears ease amid COVID-19 aid, survey finds

Author: External Author | | Categories: Bank Mortgage , Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Equity Line Of Credit , Home Renovation Mortgage , Investment Property Mortgage , Mortgage Broker , Mortgage Pre-Approval , Mortgage Pre-Approvalv , Mortgage Refinance , Mortgage Renewal , New to Canada Mortgage Program , Private Mortgage , Reverse Mortgage , Second Mortgage , Self Employed Mortgage


The latest MNP Ltd. poll published Monday reveals that after the various forms of government support, some who were previously struggling now have a feeling of optimism. Canadians are more confident compared to the previous survey about being able to cover living expenses for the next 12 months without going further into debt (61 per cent, up three points). A larger number of Canadians see surveyed said they'd rate their current debt situation as "excellent" (41 per cent, up five points) compared to pre-pandemic levels

Read More

Original Article Source Credits: BNN Bloomberg ,

Article Written By: Pattie Lovett-Reid

Original Article Posted on: Jul 20, 2020

Link to Original Article: