The results of Canada’s first-ever federal study on payday loan borrowers by the Financial Consumer Agency of Canada (FCAC) won’t be released until later this year. The research followed a 2022 report that stated 38 percent of Canadians were borrowing money to cover daily living costs.
“The Agency is currently analyzing the data collected,” said FCAC spokesperson Léonie Laflamme-Savoie, according to Blacklock’s Reporter. “It plans to make the research publicly available later this year.”
