Canadians are feeling negative about their personal finances this quarter, even following the recent interest rate cut by the Bank of Canada (BOC), according to the latest MNP Consumer Debt Index conducted by Ipsos.
MNP LTD said 56% of Canadians expressed concern interest rates have not gone down fast enough to provide the financial relief they require, and 57% will need interest rates to go down way more before their financial situation improves. It added two-thirds desperately need interest rates to go down.
