One in three Canadians already feeling rising interest rates: poll

TORONTO – A new poll suggests one in three Canadians say that they are already feeling the effects of increasing interest rates. 

The survey done for insolvency firm MNP Ltd. found that percentage was highest in Alberta, at 40 per cent. It also found that four in 10 of those queried say that if interest rates go up much more, they are afraid they will be in financial trouble. That number rose to 42 per cent in Alberta.

Seven in 10 say that with interest rates headed higher, they will be more careful about how they spend their money. In Alberta the percentage was 77 per cent.

The survey of 2,005 adult Canadians was done online by Ipsos for MNP between Sept. 18 and Sept. 21.