Canada’s inflation rate increased 6.8 per cent in April from a year earlier – one of the fastest since the early 1980s – and parents are feeling the pinch.
As the cost of living rises, a majority (71 per cent) of parents feel that Canada is becoming unaffordable, according to a survey by PolicyMe, a digital life insurance firm for parents.
The survey found that almost half (47 per cent) of parents are currently more worried about their personal finances than in previous years.
