Millennials set to face economic pain amid rising interest rates: RBC

Millennial homeowners across Canada are set to face economic hardship in the coming months as rising interest rates may lead to job losses in the coming months, a new report from the Royal Bank of Canada (RBC) has found. The report says millennials are particularly vulnerable, especially with rising debt loads among young workers.

• Millennials set to face most economic pain in months ahead, RBC says. Here’s why