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Nearly one half (48%) of Canadians are $200 or less per month away from not being able to meet all of their bills or debt obligations each month. This includes 26% who say they don’t make enough money to cover their bills and debt payments, according to a recent Ipsos poll.

The percentage that responded they don’t make enough to cover their bills and debts:

Ontario (29%) and Quebec (29%)
Atlantic Canada (24%)
Alberta (21%)
British Columbia (19%)
Saskatchewan and Manitoba (17%)

The average Canadian with debt says it will take approximately 7 years before they are debt free.

15% believe that they will never be debt-free.

Four in ten regret the amount of debt they’ve taken on during their life.

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