Households under pressure as debt servicing strains intensify
More people report being unable to cover their bills and other financial obligations.
Canadian households are finding it harder to manage their finances with prices still elevated and their level of borrowing piling pressure onto already stretched budgets.
The latest evidence of the struggles being faced comes from TransUnion’s Q2 2025 Consumer Pulse study.
Millions of households are still absorbing the effects of higher interest rates on mortgages, personal loans, and credit cards, while fixed-rate mortgage holders, in particular, face renewed payment shock upon renewal.
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- https://www.wealthprofessional.ca/news/industry-news/canadian-households-under-pressure-as-debt-servicing-strains-intensify/389759?hsmemberId=624931&tu=cab225e9-a56e-4453-ba7a-30cbd695b619&utm_campaign=&utm_medium=20250721&_hsenc=p2ANqtz-9EU83tneCJVufUC7DLNPRCpijEl0kFBsI4RkLxKfMCEKdC_lmCAuaD8FrLlvQjh7pBVnJKfSHqEQWE9biSUW_aE-WGQHZK0SKFqHjn46sCvLmCa-s&_hsmi=372205903&utm_content=cab225e9-a56e-4453-ba7a-30cbd695b619&utm_source=