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COVID-19 Insights and Advice

The global pandemic has had wide-ranging economic impacts across Canada. We have been monitoring these developments closely — especially around how public and private financial support measures are affecting household debt. We have compiled these insights in short, action-oriented blog posts to help you move forward with confidence. 

From the impacts of federal support programs on insolvency proceedings to tips to help you navigate once subsidies end, these blogs will help you make the best decisions for your personal and financial situation.  

Read our latest COVID-19 Blogs

2025-04-14

Three-quarters of Ontarians have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty

Caryl Newbery-Mitchell

MNP Consumer Debt Index

Three-quarters say they have cut back on spending due to economic uncertainty (75%), and say they are delaying major purchases or investments (76%), according to the latest MNP Consumer Debt Index.

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2025-03-05

Nearly Half of Ontarians fear they may never be debt-free; acknowledge needing help, but more than half are too embarrassed to seek it

Caryl Newbery-Mitchell

MNP Consumer Debt Index Lifestyle Debt Debt Solutions

As financial struggles intensify, the launch of Debt Literacy Month this March aims to break down these barriers by providing Ontarians with the critical knowledge and trusted resources they urgently need to regain control of their finances.

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2025-01-13

Escalating financial concerns in Ontario: Nearly three in five fear they can't repay debts despite interest rate cuts, worries over job loss and Bankruptcy increase

Caryl Newbery-Mitchell

MNP Consumer Debt Index

Ontarians are feeling more pessimistic about their personal finances heading into 2025, despite declining interest rates.

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