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Majority of Canadians stressed about their finances

by Mario Toneguzzi | Jul 28, 2020

The survey found that one-in-three Canadians are fearful of losing their job due to the pandemic

There was $1.76 in credit market debt for every dollar of household disposable income in the fourth quarter for Canadians

Study finds 58% of Canadians consider themselves savers, while 37% self-identify as spenders. Boomers most likely to identify as savers (62%)

Innovate Financial Health is granting four Canadian tech startups $25,000 each in funding to help build and scale financial solutions

Accounting firm survey finds a growing shift among some Canadians from debt apathy to ‘debt hopelessness’ as it becomes harder to pay their bills

Alberta’s provincial per-person debt grew by 184 per cent, also the largest increase among the provinces by a wide margin

Households with an average income of $50,000 worry twice as much (2.25 hours) a day than households with an average income of more than $100,000

Both Calgary and Edmonton scored above average for average household income, average household real estate assets and household liquid assets

‘There is a financial wellness crisis, and it’s affecting Canadians of all demographics’ — Manulife executive