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Inflation is cooling. So why are Canadians still so stressed out?

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Two years ago annual inflation was north of eight per cent. These day it’s close to two. But money-related stress is off the charts according to personal finance expert Rubina Ahmed-Haq.

“Many people are now facing layoffs, and cuts to their contracts as companies are not able to keep people on-staff because they are also struggling with higher costs of doing business,” Ahmed-Haq says.

Households’ bottom lines are under pressure from years of soaring inflation, rapidly rising borrowing costs designed to slow spending, plus international factors making life more expensive like rising oil expenses.

Anne Gaviola has more.

For more info, please go to https://globalnews.ca/news/10517904/inflation-financial-stress-solutions/

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Category
U.S. & Canada
Tags
global news, Finance, Canada inflation
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