Inflation is likely behind a rising level of debt for about one in four Canadians, a recent survey has found.
While prices slowed marginally in July to 7.6 per cent inflation compared to the whopping 8.1 per cent recorded in June, that has done little to relieve the pressure on Canadians. According to a survey conducted by personal finance site Finder.com, which compares mortgages, credit cards and loans, roughly 7.3 million Canadians over age 18 have used some form of debt to cover their rising costs of living.
