Since then the Bank hiked another 25 basis points to 4.75 in June and the index has slid dramatically, shedding six percentage points to 83, reflecting that Canadians are feeling much worse about their finances.
The Bank will announce its latest rate decision this week on July 12, and most economists expect another hike, which would take the rate to 5 per cent.in June suggests that another rate hike at the Bank of Canada’s meeting next week is nailed on,” Olivia Cross of Capital Economics said Friday.Article contentEven though 86 per cent of the people polled said they were being more careful with their money, they are still finding it hard to make ends meet.
A breakdown of the survey reveals that Atlantic Canadians are feeling more pessimistic about their debt than any other province.
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