CALGARY – A brand new poll suggests nearly half of Canadians surveyed last month are within $200 monthly of being not able to purchase their bills making their debt payments.
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The Ipsos Reid survey also found about one-quarter from the 1,582 people who responded to the poll were already unable to cover their bills and debt payments.
The online poll ended between Jan. 27 and Jan. 29 for MNP Debt, which supplies licensed trustee services in six provinces, from Quebec to Bc.
MNP says the poll discovered that 31 percent of respondents said any increase in rates of interest could move them towards bankruptcy.
Ipsos Reid conducted the poll in regards to a week after the Parliamentary Budget Office issued a report on Jan. 19 having said that Canada has seen the largest increase in household debt in accordance with income of any G7 country since 2000.
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The survey also followed Bank of Canada’s decision to keep a vital lending rate at a historically low level of 0.5 percent on Jan. 20, as the central bank lowered economic growth estimates for 2015 and 2016.
The polling industry’s professional body, the Marketing Research and Intelligence Association, says online surveys cannot be assigned a margin of error as they are not really a random sample and so are certainly not associated with the whole population.
