Elevated interest rates and cost of living are affecting Canadians’ bottom line

There is a significant rise in millennials accruing debt, which can be attributed to a recent increased reliance on credit cards.

With the same amount of money coming in and more money going towards bills every month, many Canadians have reduced or annihilated their savings, writes Andrew Bazelevsky.Photograph courtesy of ShareAlike 3.0 Unported (CC BY-SA 3.0)

Opinion

BY ANDREW BAZELEVSKY

June 12, 2023

Month after month, licensed insolvency trustees across the country continue to see Canadians struggling to pay bills. This is reflected in the recently released April 2023 insolvency numbers showing the total number of insolvencies filed this April being 21.3 per cent higher...

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