A sign too may Canadians are struggling financially.
According to a MNP LTD over half, 56 per cent, now say they are $200 or less per month away from not being able to cover their bills or meet debt obligations each month.
Fifty-two percent say they are concerned about their current level of debt, up nine points since the last online survey done seven months ago.
The majority of those asked said they are not feeling good about the financial situation they are in with half indicating they regret how much debt they’ve taken on. That`s a jump of seven points.
The survey also showed that concern about the potential for rising interest rates has also increased among Canadians.
Thirty-eight per cent say they are concerned a hike in interest rates could move them towards bankruptcy, compared to only thirty-one per cent back in February 2016.
1,502 Canadians responded to the online survey.