2025-04-14
Three quarters of New Brunswickers have cut spending or postponed major purchases
MNP Consumer Debt Index
Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.
50% of Those in Manitoba and Saskatchewan on the Brink of Insolvency
With a weakened economy and hundreds of thousands of households in western Canada grappling with the very difficult realities of unemployment, it’s no surprise (or secret) to learn that many are struggling financially. According to MNP’s recent Consumer Debt Sentiment Survey however, the numbers are more staggering than we may expect. The survey shows more than 50 per cent of those living in Manitoba and Saskatchewan would be unable to keep up with their bills and debt payments if their monthly income was decreased by just $200. At a number like that, any financial disruption, such as a job loss, relationship breakdown or unexpected household or vehicular expenses could send millions (you read that number right) of Canadians into financial ruin.
MNP’s Consumer Debt Sentiment Survey was conducted by Ipsos Reid on behalf of MNP. AM980 CJME covered the survey in an original article published on September 28, 2016.
Latest Blog Posts
2025-04-14
Nearly three-quarters of Quebecers have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty
MNP Consumer Debt Index
Nearly three-quarters (73%) say they have cut back on spending due to economic uncertainty, and nearly as many (70%) say they are delaying major purchases or investments, according to the latest MNP Consumer Debt Index.
2025-04-14
Nearly three-quarters of British Columbians have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty
MNP Consumer Debt Index
Nearly three-quarters say they have cut back on spending (74%) and are delaying major purchases or investments (75%), according to the latest MNP Consumer Debt Index.
