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Does food bank usage mean our financial system is broken?

Demand for food banks has increased sharply and that underlies the significant financial challenges many Canadians face, writes Peter Watson

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Peter Watson

Peter Watson

More families are finding it difficult to make ends meet these days. It seems everything is more expensive.

Home ownership costs have risen largely because of the increase in the cost of borrowing, and therefore mortgage payments are higher. Rental rates have also increased.

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Peter Watson, of Watson Investments MBA, CFP®, R.F.P., CIM®, FCSI offers a weekly financial planning column, Dollars & Sense. He can be contacted through

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