MNP Debt Blog
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MNP Consumer Debt Index Highlights Divergent Experiences of Canadians during COVID
13/10/2020
Grant Bazian
MNP Consumer Debt Index
COVID-19
As the country enters its seventh month of economic disruption, the pandemic recession is putting a spotlight on the divergent experiences of Canadians during COVID.
Read More arrow_forwardMore than half of Manitoba and Saskatchewan residents are $200 or less away from insolvency at month-end, the highest compared to other provinces
13/10/2020
MNP Consumer Debt Index
COVID-19
The latest MNP Consumer Debt Index points to debt trouble in the two provinces, particularly as payment deferrals and government emergency aid programs change or wind down.
Read More arrow_forwardAlmost half of Ontarians are $200 or less away from insolvency, cannot pay their bills each month
13/10/2020
Caryl Newbery-Mitchell
MNP Consumer Debt Index
COVID-19
The latest MNP Consumer Debt Index points to debt trouble in Ontario, particularly as payment deferrals and government emergency aid programs change or wind down.
Read More arrow_forwardOver half of New Brunswickers are $200 or less away from insolvency, cannot pay their bills each month
13/10/2020
Tara Silliker
MNP Consumer Debt Index
COVID-19
The latest MNP Consumer Debt Index points to debt trouble in Atlantic Canada, particularly as payment deferrals and government emergency aid programs change or wind down.
Read More arrow_forwardOver half of Nova Scotians are $200 or less away from insolvency, cannot pay their bills each month
13/10/2020
MNP Consumer Debt Index
COVID-19
The latest MNP Consumer Debt Index points to debt trouble in Atlantic Canada, particularly as payment deferrals and government emergency aid programs change or wind down.
Read More arrow_forwardHow does compound interest compound your financial situation?
09/08/2020
John Haralovich
Debt Solutions
Lifestyle Debt
This can be highly beneficial when you’re investing because every month you can earn additional interest on the interest you earned over the previous months.
Read More arrow_forwardHow a Bankruptcy or Consumer Proposal affects your credit rating
14/08/2020
Tanya Reynolds
Bankruptcy
Consumer Proposal
Debt Solutions
Alternatives to Bankruptcy
When evaluating your options for how best to deal with unmanageable debt, a Bankruptcy or Consumer Proposal are always worth considering.
Read More arrow_forwardMoving away from home? Prepare for unexpected expenses
26/08/2020
Sandra Landry
Lifestyle Debt
Moving away from home is an exciting, albeit bittersweet experience. You’ve got a world of freedom and opportunity ahead of you. But the brand-new costs and responsibilities can also feel quite daunting.
Read More arrow_forwardThree effective strategies to help you manage financial stress
14/08/2020
John Athanasiou
Lifestyle Debt
Household debt ratios continue to break records across the country. And as more and more people are working to service that debt, many are unable to set aside savings for unexpected expenses.
Read More arrow_forwardHow you can prepare for life after CERB
12/08/2020
Grant Bazian
Lifestyle Debt
Debt Solutions
The Canada Emergency Response Benefit (CERB) has been a welcome respite for Canadians struggling with the economic fallout of COVID-19.
Read More arrow_forward
