MNP Debt Blog

A recent Ipsos poll conducted by MNP LTD. shows Ontario residents are growing confident about their debt.

Ontarians seem to be feeling better about their consumer debt situation and personal finances than just a few months ago, however many are still struggling, according to the latest MNP Consumer Debt Index

Almost sixty per cent of Ontarians now say they are $200 or less per month away from not being able to meet all of their bills or debt obligations each month, an increase of 10 points since February 2016.

According to a recent Ipsos poll conducted by MNP LTD., Ontarians’ pocketbooks are continuing to get lighter as a result of recent interest rate increases.

Despite the Bank of Canada stating it will keep interest rates stable until next year, more than half (55%) of Ontarians say they are more concerned about their ability to repay their debts than they used to be.

According to a recent Ipsos survey conducted on behalf of MNP LTD., the majority of Ontarians feel they can cover next year’s living expenses without incurring more, despite concern about mounting consumer debt in Canada.

Ontarians who find themselves in serious financial trouble could be digging themselves into a deeper hole by not seeking help when they need it. A new survey conducted by Ipsos on behalf of MNP LTD, shows almost half of Ontarians (45%) say they would...

The number of consumer insolvencies per thousand residents in Ottawa, aged 18 years or above, hit 3.8 in 2018 – the highest level since 2013, when it also sat at 3.8.

August 20, 2019 – Underscoring Ontarians' financial vulnerabilities when it comes to debt, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) continue to reinforce the mounting strain on many households in the...

As the shopping rush reaches peak intensity before the holidays, a Canadian debt expert is warning Canadians to avoid taking on more debt or payday loans, as they try to cope with the pressures of last minute gifts and Christmas grocery shopping.