Emergency expenses, such as a big medical bill or a costly car repair, are a significant threat to the financial stability of many Canadians, according to a survey released Thursday from Royal Bank of Canada.
About 42 per cent of Canadians worry even one major unexpected expense could derail their finances, according to the poll. And nearly four in 10 households with incomes under $100,000 don’t even have an emergency fund set up to cushion the blow.
“I’m not surprised, but I am concerned,” said Ryan Gubic, a certified financial planner and the founder of MRG Wealth M...
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