Over 25% of Canadians Unable to Afford an Unexpected $500 Expense: StatCan

Over 25% of Canadians Unable to Afford an Unexpected $500 Expense: StatCan
Money is removed from an ATM in Montreal, May 30, 2016. The Canadian Press/Ryan Remiorz
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Over 25 percent of Canadians say they would be unable to afford an unexpected expense of $500 should it arise, says a recent report published by Statistics Canada (StatCan).

“When asked whether their household had the resources to cover an unexpected expense of $500, 26% said that they would be unable to do so,” said StatCan report published on Feb. 13.