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

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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

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Original Article Source Credits: BNN Bloomberg , https://www.bnnbloomberg.ca/

Article Written By: Pattie Lovett-Reid

Original Article Posted on: Jul 20, 2020

Link to Original Article:  https://www.bnnbloomberg.ca/canadian-consumer-debt-fears-ease-amid-covid-19-aid-survey-finds-1.1467871



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