Debt Worries up as Higher Interest Rates and Rising Cost of Living Take a Toll: MNP

A customer shops at a meat counter in a grocery store in Montreal, on April 30, 2020. The Canadian Press/Paul Chiasson

A report by insolvency firm MNP Ltd. says 52 per cent of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month as higher interest rates and a rising cost of living have stretched budgets.

The result for the July report is up six percentage points from 46 per cent in April.