Two in three say higher interest rates have a negative or somewhat negative impact on their spending – negative impact of rate on spending on the rise. (Bloomberg/Nanos)

Two in three respondents say that higher interest rates have impacted their personal spending negatively (36%) or somewhat negatively (28%), which is an increase since the last wave in February 2019, where two in five said it impacted their spending negatively (20%) or somewhat negatively (22%). Younger Canadians aged 18 to 34 were more likely to say the higher rates affected their spending negatively (49%) than older Canadians aged 55 plus (24%). When asked what they would suggest to someone th...