MNP Debt Blog

Debt during retirement is incredibly stressful, especially if you’re caring for an ailing spouse or dealing with health issues of your own.

MNP’s quarterly Consumer Debt Index consistently finds between 45 and 50 percent of Canadians are $200 or less away from insolvency at month-end.

Your financial fresh start has opened a whole new work of possibilities for you, including the opportunity to become a homeowner.

A 2004 media report famously declared the third Monday in January is the most depressing day of the year: The technicolour sheen of the holiday season has worn off.

New research conducted by Ipsos on behalf of MNP LTD. finds six in 10 (63%) Ontarians feel the current low-interest environment is a good time to buy things they otherwise might not be able to afford.

Now in its fifteenth wave, the MNP Consumer Debt Index finds four in 10 Albertans are not confident they can cover their living expenses this year without going further into debt.

Now in its fifteenth wave, the MNP Consumer Debt Index finds four in 10 (42%) Saskatchewan and Manitoba residents are not confident they can cover their living expenses for the next year without going further into debt, a one-point drop from September....

Now in its fifteenth wave, the MNP Consumer Debt Index has dropped to 89 points, the lowest point since it was introduced in June 2017.

Now in its fifteenth wave, the MNP Consumer Debt Index found more than half (52%) of British Columbians regret the amount of debt they have taken on, a five-point jump since September and the largest proportion compared to the other provinces.

The quarterly MNP Consumer Debt Index, which is now in its fifteenth wave, finds nearly half (45%) of Quebecers are not confident they can cover their living expenses for the next year without going further into debt — a 12-point increase from September....