The Bank of Canada's decision today (April 12th) is a bit of a relief for those trying to manage their debt.

The Bank is keeping their key interest rate steady at 0.5% but according to Donna Carson from MNP in Airdrie, issues of debt are still growing.

"The rate of debt to income is increasing. Some of that could be general cost of living increase maybe. It also means that the increased cost of living is going on credit as well, let alone people using credit more."

Carson says that any future decision to hike or lower the interest rate could cause problems for many Albertan's, including those in Airdrie.

"There is concern, 52% of people of those we surveyed are concerned that they may not be able to service the debts they have."

Carson says the best first step to helping with debt or the threat of bankruptcy is to seek professional help.

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