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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

2024-10-16

Rising cost of living forces Ontarians to make tough sacrifices

Caryl Newbery-Mitchell

MNP Consumer Debt Index

According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, a quarter (26%) of Ontarians have turned to bill-splitting strategies such as carpooling, buying in bulk, sharing subscriptions and childcare, and living with others.

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2024-07-22

More than half of Ontarians say interest rates will need to drop much further before their financial situation significantly improves

Caryl Newbery-Mitchell

MNP Consumer Debt Index

Ontarians are feeling pessimistic about their personal finances this quarter, despite the recent interest rate cut by the Bank of Canada.

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2024-04-08

Ontarians’ concerns about debt and interest rates ease, yet repayment anxiety persists for majority

Caryl Newbery-Mitchell

MNP Consumer Debt Index

The latest MNP Consumer Debt Index finds that Ontarians are feeling increasingly confident in their personal finances this quarter as interest rate concerns ease.

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