Some Canadians are ditching their debt as others drown during the pandemic

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The pandemic has forced many Canadians to sink deeper into debt than ever before, but it turns out their luckier neighbours have been able to use this time to lighten their debt load.

Two new reports show how very different Canadians’ experiences have been during the COVID-19 era. The same financial lifelines and incentives that are keeping some afloat are helping others get further ahead.

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Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Ethan Rotberg

Original Article Posted on:   February 1, 2021 

Link to Original Article:  https://financialpost.com/moneywise/some-canadians-are-ditching-their-debt-as-others-drown-during-the-pandemic-3

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