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A written report from Prosper Canada says that households in precarious monetary circumstances have actually few choices for acquiring advice that is financial

Low-income households invest 31% of these earnings on debt repayments, based on a report commissioned by Prosper Canada, a charity that is toronto-based.

The report, Roadblock to healing, examines the circulation, quantity and structure of customer and home loan financial obligation held by Canadian households predicated on Statistics Canada’s 2016 Survey of Financial safety.

The 31% figure is uncomfortably near to the Bank of Canada’s concept