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Jun 2, 2022 | 10:31 AM
People struggling with debt in Saskatchewan are growing concerned over the continually rising interest rates across the country.
Mary Castillo, a financial educator with the non-profit Credit Counselling Society (CCS) in Saskatoon, said she has seen an impact on clients due to rising interest rates.
On Wednesday, the Bank of Canada increased its key interest rate to 1.5 per cent.
The recent hikes have many people concerned and are raising many questions, Castillo said, noting an increase in the number of calls the CCS has been receiving as a result.
“The concern is that it’s harder and harder to make ends meet,” Castillo explained.