MNP Debt Blog

The Bank of Canada (BoC) increased its policy interest rate by a full percentage point on July 13, 2022. It was the fourth increase to the overnight rate this year and the largest since 1998.

When you take on debt, the ideal scenario is always to pay it off in full, one way or another. Sometimes that goal becomes out of reach, which is why alternatives like bankruptcy and consumer proposals exist.

Fortunately, there are plenty of things to do in the Lower Mainland for little or no money. If you need a break from the doom and gloom, check out our list for having some fun on a dime!

Post-secondary education costs money. Depending on the program, sometimes a lot of it. But there are steps every student can take to prepare for these costs and minimize the future financial impacts of pursuing a higher education.

British Columbians are becoming acutely aware of how interest rates and inflation impact their household budgets as both continue on their months-long upward trajectory.

To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.

If you’re like most Canadians, then you most likely have debt from multiple sources. These could be some combination of auto loans, credit cards, student debt, lines of credit, installment plans on retail purchases via “buy now pay later”,...

Albertans are becoming acutely aware of the impact interest rates and inflation have on their household budgets, as both continue on their months-long upward trajectory.

There are approximately 1,000 LITs in Canada; all are licensed by the federal government. Whether it is a small personal bankruptcy or a large CCAA company restructuring, an LIT is involved. The educational requirements to become an LIT are rigorous....

Ontarians are becoming acutely aware of how rising interest rates and inflation impact their household budgets, as both continue on their months-long upward trajectory.