Canadian Debt Is On The Rise But Our Economy Isnt

2016-04-21   minute read

Grant Bazian

MNP Consumer Debt Index

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. ​ ​

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