New measurement shows ‘historically high’ Canadian financial stress

Financial fragility is concentrated among renters and some mortgage holders, paper says

Bank of Canada
The Bank of Canada
Photo: Shutterstock

Financial stress indicators among Canadian households on one index “now stand at a historically high level”, according to research published by the country’s central bank.

The high levels of stress could stem from the cumulative impact of high interest rates and inflation, the Bank of Canada paper argues. The paper was written by Nicolas Bédard and Patrick Sabourin.  

The authors used data from the Canadian Survey of Consumer Expectations (CSCE) and compared that information with other consumer

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