THIS BLOG GOES LIVE ON MONDAY, MARCH 31, 2025 AT NOON - WATCH THE VIDEO NOW!
CANADA CONSUMER CONFIDENCE CRISIS: WHAT YOU NEED TO KNOW ABOUT THE ECONOMY AND YOUR MONEY
Ira Smith Trustee & Receiver Inc.
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Canadian consumer confidence is at an all-time low due to rising inflation rates, increasing interest rates, and a housing affordability crisis. As a result, many Canadians are feeling overwhelmed by their household debt levels and struggling to make ends meet. In this video, we'll explore the key factors behind low consumer confidence and provide financial coping strategies, including creating a realistic budget, building an emergency fund, and debt management solutions like debt consolidation and credit counseling.
Key points discussed:
Current economic context and its impact on Canadian finances
Factors affecting consumer confidence, such as housing affordability and household debt
Financial solutions and strategies for managing debt
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