Rising costs are putting a damper on Canadian dating habits, with more than half of Canadians saying inflation is affecting their romantic lives, a new report from BMO’s Real Financial Progress Index reveals. According to the survey, 56 per cent of Canadians say the increasing cost of living has led them to go on fewer dates or opt for less expensive dating activities. Among single Canadians, 42 per cent have adjusted their dating plans due to financial concerns, while nearly a third (30 per cent) have cancelled a date outright to save money. “While the inflation rate has normalized in Canada, consumer prices are still, on average, 17 per cent higher than four years ago, and food costs are 22 per cent more expensive,” said Sal Guatieri, senior economist at BMO. “Although wages are also rising and borrowing costs are coming down, many Canadians continue to struggle with the high cost of living, forcing some to cut back on discretionary expenditures such as dating.” googletag.cmd.push(function() { if($(document).width() Read More dating, relationships, love
Rising costs are putting a damper on Canadian dating habits, with more than half of Canadians saying inflation is affecting their romantic lives, a new report from BMO’s Real Financial Progress Index reveals. According to the survey, 56 per cent of Canadians say the increasing cost of living has led them to go on fewer dates or opt for less expensive dating activities. Among single Canadians, 42 per cent have adjusted their dating plans due to financial concerns, while nearly a third (30 per cent) have cancelled a date outright to save money. “While the inflation rate has normalized in Canada, consumer prices are still, on average, 17 per cent higher than four years ago, and food costs are 22 per cent more expensive,” said Sal Guatieri, senior economist at BMO. “Although wages are also rising and borrowing costs are coming down, many Canadians continue to struggle with the high cost of living, forcing some to cut back on discretionary expenditures such as dating.” googletag.cmd.push(function() { if($(document).width()