During a June 2020 survey, it was found that 22 percent of Canadian adults have taken out new debts since the coronavirus outbreak. Among the respondents, 38 percent said they needed this money to cover their day-to-day expenses.
Leading reasons for Canadian adults to take out new debts due to the coronavirus outbreak as of June 2020
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Other statistics that may interest you Coronavirus (COVID-19) in Canada
Global overview
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Vaccinations
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Mental health impact
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Economic impact
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- Basic Statistic Real gross domestic product (GDP) growth forecast for Canada 2020-2024
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Public opinion
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Canadian Imperial Bank of Commerce. (June 29, 2020). Leading reasons for Canadian adults to take out new debts due to the coronavirus outbreak as of June 2020 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1129565/canadian-reasons-of-new-debts-since-covid-19/
Canadian Imperial Bank of Commerce. "Leading reasons for Canadian adults to take out new debts due to the coronavirus outbreak as of June 2020." Chart. June 29, 2020. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1129565/canadian-reasons-of-new-debts-since-covid-19/
Canadian Imperial Bank of Commerce. (2020). Leading reasons for Canadian adults to take out new debts due to the coronavirus outbreak as of June 2020. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1129565/canadian-reasons-of-new-debts-since-covid-19/
Canadian Imperial Bank of Commerce. "Leading Reasons for Canadian Adults to Take out New Debts Due to The Coronavirus Outbreak as of June 2020." Statista, Statista Inc., 29 Jun 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1129565/canadian-reasons-of-new-debts-since-covid-19/
Canadian Imperial Bank of Commerce, Leading reasons for Canadian adults to take out new debts due to the coronavirus outbreak as of June 2020 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1129565/canadian-reasons-of-new-debts-since-covid-19/ (last visited November 13, 2024)
Leading reasons for Canadian adults to take out new debts due to the coronavirus outbreak as of June 2020 [Graph], Canadian Imperial Bank of Commerce, June 29, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1129565/canadian-reasons-of-new-debts-since-covid-19/