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  • Opinion & Analysis
  • July 07, 2022 , 11:39pm

The inflation nightmare is keeping Canadians awake at night

The inflation nightmare is keeping Canadians awake at night

By Gita Abraham New Canadian Media

Though Covid topped the worry charts for three years, several surveys by established organizations have revealed Canadians are now battling a bigger challenge: “stress and sleeplessness” caused by anxieties over finances.

A survey released by Bromwich+Smith found that the biggest stressor, reported by 82 per cent of those surveyed, was rising inflation and the increased cost of living.

This comes when the year-over-year inflation in Canada rose 7.7 per cent, the highest increase since 1983, and a new study from the Angus Reid Institute found that 45 per cent of Canadians say they are worse off now than they were at this time last year, the highest level in at least 12 years.

(Read story…)

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Based in Toronto, Ontario, Canada, The Philippine Reporter (print edition) is a Toronto Filipino newspaper publishing since March 1989. It carries Philippine news and community news and feature stories about Filipinos in Canada and the U.S.
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