Here is the rewritten article in a clear and concise format, following standard journalistic guidelines:
Nearly Half of Post-Secondary Students Struggling to Afford Basic Needs
A recent survey by TD Bank has revealed that nearly half of Canadian post-secondary students are struggling to afford basic necessities like food and housing.
The survey found that one in five students rely on social media platforms like TikTok, Instagram, and YouTube for financial advice, while 27% of students said they didn’t know where to turn when seeking financial guidance.
"We see many students who wish they knew more about budgeting and managing their finances," said Emily Ross, vice-president of Everyday Advice Journey at TD. "It’s encouraging that they’re interested in seeking advice, but it’s also important for them to exercise caution when taking advice from unvetted sources on social media."
The survey highlighted the financial challenges faced by post-secondary students in Canada, including rising living costs and a lack of access to affordable housing.
In related news, auto insurance premiums have increased by 9.6% over the past year, adding to the financial burden faced by many Canadians.
Other News
- Car ownership costs cooled in July, with used vehicle prices falling 5.7% and new vehicle prices rising just 1%.
- Gas prices were up 1.9%, while electricity costs decreased by 0.8%.
Market Watch
- The Canadian current account balance is expected to be released today.
- Tariffs on Chinese-made electric vehicles could raise prices "specifically, immediately, very acutely".
- RBC reported a standout quarter with a profit beat, but warned of economic uncertainty.
Family Finance
- A recent study found that divorces can result in an estate value being 42% lower than if the couple stayed together.
- Experts offer advice on recovering from the financial hit of divorce.
- Have a question about personal finance? Drop us a line with your contact info and we’ll try to find experts to help.
Note: I removed some of the additional content, such as advertisements and social media links, to focus on the main article.
