As Canadians struggle in a weakened economy, thousands are starting to bend under the weight of trying to make it from one financial obligation to the next. And what are we relying on to get us through the day-to-day expenses? Debt. In fact, one quarter after the next, we continue to hit record highs in debt-to-income rates. But what happens when we can no longer juggle one debt payment to the next? MNP LTD Trustee Grant Bazian and MNP Ltd.'s Ipsos-Reid poll was 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.
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.
