According to the Annual BMO Rainy Day Survey released today, "the percentage of Canadians that have enough savings to only cover one month or fewer has climbed to 27% - up 8 percentage points [since 2012]. For those who have one month or fewer in savings, the average fund is only $2,051. …. Three-in-ten Canadians are living paycheque to paycheque or spending more than they earn". The Huffington Post Canada reports that "[t]his comes at a time when Canada's support structures for the unemployed are growing thinner. Recent estimates show that little more than a third of Canadians who lose their jobs now qualify for Employment Insurance."
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