2015-10-30
Canada’s debt ratio is at the highest debt income ration we’ve ever had. For every dollar we currently make, we are spending approximately $1.65 on credit. For this reason, consumer insolvency is on the rise across the country, which is no surprise to MNP’s Trustee Donna Carson, who is answering more calls for help from Calgarians trying to manage their debt given that the province of Alberta is experiencing the highest consumer debt levels in the country.
Donna was interviewed by Global Calgary to discuss the increase in insolvencies in Alberta. The original article was originally posted online at Global Calgary on October 3, 2015.
2025-07-14
MNP Consumer Debt Index
Nearly half of Albertans (47%, +2 pts) report they are $200 or less away from financial insolvency each month — more than those in any other province — according to the latest MNP Consumer Debt Index.
2025-07-14
MNP Consumer Debt Index
Nearly two-thirds of Quebecers say they desperately need interest rates to go down (63%, -2 pts), according to the latest MNP Consumer Debt Index.
2025-07-14
MNP Consumer Debt Index
Younger adults and lower-income households are most likely to report stress, stalled life plans, and living paycheque to paycheque.
