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Almost a million Canadians couldn't handle a 1-point interest rate rise

  • Writer: Editor Desk
    Editor Desk
  • Sep 13, 2016
  • 1 min read

Almost a million Canadians wouldn't be able to handle even a one percentage point increase in the interest rate they pay on their debts, new research says.

According to a report from credit-monitoring firm TransUnion, 26 million Canadians have some form of debt, including mortgages, lines of credit, and credit-card debt.

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