2025-04-14
Three quarters of New Brunswickers have cut spending or postponed major purchases
MNP Consumer Debt Index
Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.
British Columbians Hold Tight To Their Last $200
With interest rates sitting at the bottom or the barrel, many British Columbians have felt free to spend as they please, dipping further and further into credit reliance in order to keep up spending habits. Pair this relaxed approach to spending with a weakened economy and unemployment rates on the rise throughout the province and we’ve found ourselves the perfect storm.
In fact, MNP’s recent Consumer Debt Sentiment survey showed 47% of British Columbians would find themselves unable to keep up with debt or other financial obligations if their monthly income was decreased by just $200. When you look at the math, even the slightest increase in interest rates could send thousands across the province into financial ruin. If you want to avoid becoming a part of what appears to be a very significant statistic – the time to put a pause on spending – is now.
Castanet Kelowna recently covered MNP’s Consumer Debt Sentiment survey in an original article originally posted online at Castanet Kelowna on September 29, 2016.
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Nearly three-quarters of Quebecers have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty
MNP Consumer Debt Index
Nearly three-quarters (73%) say they have cut back on spending due to economic uncertainty, and nearly as many (70%) say they are delaying major purchases or investments, according to the latest MNP Consumer Debt Index.
2025-04-14
Nearly three-quarters of British Columbians have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty
MNP Consumer Debt Index
Nearly three-quarters say they have cut back on spending (74%) and are delaying major purchases or investments (75%), according to the latest MNP Consumer Debt Index.
