52
51% of Canadians $200 away from not making ends meet
(www.bnnbloomberg.ca)
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this post was submitted on 18 Oct 2023
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The context here is that over half the population is 200 bucks away from not being able to make ends meet. So, clearly lots of people will not be able to handle large increases in mortgage payments. Meanwhile, those who do will be pushed further to the margins.
The fault is entirely with the government for failing to regulate banks predatory practices.