
Number of ‘Struggling’ Canadians on the Rise Despite Slowing Inflation: Report
A growing number of Canadians are struggling financially, with nearly half stressed by housing costs and other living expenses, according to a recent survey. One-in-three Canadians (32 percent) now fall into the “struggling” category, up from one-quarter two years ago, said the Angus Reid Institute (ARI) in its July 9 report. In addition, the number of Canadians in the “comfortable” category has decreased to 23 percent, down from 29 percent in 2022. Economic stress is not evenly distributed across the country, the report says. Canadians experiencing economic distress are most prevalent in major western cities such as Regina, Saskatoon, Edmonton, and Calgary, as well as suburban Toronto, while Montreal residents are most likely among urbanites to be categorized as “thriving.”...
