Canadians Show Signs of Financial Improvement but Continue to Feel the Cost-of-Living Squeeze: TransUnion Canada Study

A TransUnion Canada study reveals that while 45% of Canadians express optimism about their household finances, affordability pressures persist with 86% citing inflation as a top concern. Despite 25% of consumers planning to apply for new credit, many remain cautious about borrowing costs. Additionally, 40% of Canadians now check their credit reports monthly as fraud threats rise.