2025-01-16
What happens to my savings account during a Consumer Proposal?
MNP Consumer Debt Index
What happens to your savings account during a Consumer Proposal? Learn about the factors impacting what happens to the funds in your savings account.
As Household Debt Continues To Rise How Are We Going To Pay For It
With a weakened loonie and job losses on the rise, many are struggling to keep up with monthly expenses. In fact, according to a poll conducted with MNP, nearly 50% of Canadians are within just $200 of not being able to meet their financial obligations. Yet, we’re still spending at an accelerated rate. It is predicted that by the end of the year, Canada will hit its highest household debt ratio since the 1990s. The question is, how are we going to pay for this debt? MNP LTD Trustee Grant Bazian and MNP Ltd.'s Ipsos-Reid poll were incorporated into a story by the Financial Post to discuss the increase in insolvencies. The original article was originally posted online atFinancial Post on April 5, 2016.
Latest Blog Posts
2025-01-13
Escalating financial concerns in Alberta: Nearly three in five fear they can't repay debts despite interest rate cuts, worries over job loss and Bankruptcy increase
MNP Consumer Debt Index
Albertans are feeling more pessimistic about their personal finances heading into 2025, despite declining interest rates.
2025-01-13
MNP Consumer Debt Index plunges to 79 points, the second-lowest level ever recorded
MNP Consumer Debt Index
The latest MNP Consumer Debt Index has dropped to 79 points, a staggering 10-point decline from last quarter.
