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Missing 3-year-old boy found dead in creek in Mississauga, Ont.: police
A three-year-old boy has been found dead a day after he went missing in a park in Mississauga, Ont., Peel police say.
Many Canadians “lack a financial cushion” according to a new Angus Reid survey, which found majority of respondents under 55 could not handle an unexpected expense of more than $1,000.
“As housing costs continue to rise from this period of high interest rates, renters and mortgage holders feel squeezed,” the Angus Reid survey said.
This financial concern is compounded by half of those surveyed in the same age group, worrying about losing their jobs.
Key findings from the survey include:
Women aged 35 to 54 years old are most likely to report they can’t manage any unplanned bills, with a quarter saying they are “already too stretched” financially.
40 per cent of people told the survey they are not contributing to their Tax Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) because “they don’t have enough to save.”
Higher interest rates are putting a strain on mortgage holders, with 29 per cent saying an unexpected $250 expense “would break the bank.”
John Lock, the director of marketing at Credit Counselling Society, a non-profit organization that provides financial advice to indebted Canadians, said his office has been flooded with calls this January.
“It has been busier that the last few years for sure,” Lock told CTV News. “The folks that we’re seeing are just overwhelmed with the costs that are bearing down on them.”
Lock says the combination of high food, gasoline, housing and debt servicing costs are squeezing household budgets.
“With folks not able to pay for their expenses or repay their lines of credit we’re seeing higher delinquency rates,” he said.
The Angus Reid survey goes on to say that the “Bank of Canada’s campaign against high inflation appears to have at least decelerated the rising cost of living.”
As the economy slows, the independent research company says there is evidence Canadians are anticipating a recession with “further dips in spending and job losses.”
Half of survey respondents under 55 fear they, or someone in their household, will lose their jobs.
“The last time fear of job loss was this high was during the uncertainty of the beginning of the second year of the pandemic,” the survey said.
The online survey reached a representative randomized 1,620 Canadian adults on January 16 and 17. A sample of this size would carry a margin error of +/-2 percentage points, Angus Reid said.
A three-year-old boy has been found dead a day after he went missing in a park in Mississauga, Ont., Peel police say.
Against the rainy Paris night sky, Celine Dion staged the comeback of her career with a powerful performance from the Eiffel Tower to open the Olympic Games.
Premier Danielle Smith said Friday afternoon in Hinton while weather conditions are cooler, the Jasper fire is still considered out of control and that Jasper residents can expect to be away from their homes 'for several weeks.'
An Irish museum will withdraw a waxwork of singer-songwriter Sinéad O'Connor just one day after installing it, following a backlash from her family and the public, it told CNN in a statement on Friday.
A Winnipeg senior is getting soaked with a six-figure water bill.
Nearly two weeks after Donald Trump’s near assassination, the FBI confirmed Friday that it was indeed a bullet that struck the former president’s ear, moving to clear up conflicting accounts about what caused the former U.S. president’s injuries after a gunman opened fire at a Pennsylvania rally.
Orillia OPP arrested and charged a driver with impaired driving after flashing their high beams.
The lawyer for a former judge whose claims to be Cree were questioned in a CBC investigation says his client is not considering legal action against the broadcaster after the Law Society of British Columbia this week backed her claims of Indigenous heritage.
Scotiabank says it has fixed a technical issue that impacted direct deposits on Friday morning.
As fire threatened people in Jasper National Park, Colleen Knull sprung into action.
Video posted to social media on Thursday morning appears to show the charred remains of a Jasper, Alta., neighbourhood.
A Saskatchewan-born veteran of the Second World War was recently presented with France's highest national order.
A local First Nations elder and veteran is helping to bring the Ojibwe language to a well-known film for the first time.
A cat who fled her Montreal home nearly a decade ago has been reunited with her family after being found in Ottawa.
A woman in Waterloo, Ont. is out thousands of dollars for a car crash she wasn’t involved in.
A swarm of bees living in a lamppost in Winnipeg’s Sage Creek neighbourhood has found a new home for its hive.
Around 100 acres of Manitoba Crown Land near the Saskatchewan border is being returned to the Métis community.
Nova Scotia is suspending the licensed Cape Breton moose hunt for three years due to what the province is calling a “significant drop” in the population.