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Roughly one third of Canadians think the Bank of Canada’s most recent interest rate hike will hurt their finances, just as nearly three-quarters say their living costs have increased over the past three years, according to a new poll.

The survey, by Forum Research, found that 34 per cent of 1,150 respondents said that the central bank’s most recent 0.25 per cent rate increase “will have a negative impact on their finances,” with 12 per cent saying the effect will be “extremely negative.”

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“A considerable number of Canadians are concerned about what the rate hike will do to their finances and they’re overwhelmingly in the middle categories,” Forum Research analyst Gary Milakovic said.

Some 44 per cent of respondents aged 35-44 polled said the hike will have a somewhat or extremely negative effect on their personal finances. This anxiety was shared most significantly by those earning $60-80,000, with 39 per cent agreeing, and by those earning $80-100,000, with 41 per cent agreeing, that the effects of the hike would be negative.