Canadians want a ‘more personal relationship’ with financial institutions amid financial stress: Survey

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Canadians want a ‘more personal relationship’ with financial institutions amid financial stress: Survey
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A recent survey found that Canadians are seriously stressed about their finances, financial institutions, and financial futures.

Canadians want a ‘more personal relationship’ with financial institutions amid financial stress: SurveyRicardo Tranjan, political economist and senior researcher with the Canadian Centre for Policy Alternatives, joins BNN Bloomberg to discuss the impact of rate cuts on rent in Canada.

Additionally, the survey found their younger counterparts had similar feelings. Over 60 per cent of Generation Z – those born between the years of 1997 and 2012 – feel anxious, panicked and uneasy about money, with three quarters of their population struggling to make ends meet. “These findings come at a time when Canadians are feeling significant financial pressure, despite easing interest rates,” the report reads in part.institutions like the CIBC move towards the inclusion of chat-GBT-like interfaces in its company.

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