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.
Canadians And Insolvency The 200 Crisis
In today’s economic climate, there simply is no denying the facts. Canadians are struggling and the near future isn’t looking too bright. In fact, in a recent MNP Consumer Debt Sentiment Survey, 56 percent of Canadians said they would be financially devastated if their monthly income was depleted by just $200. With a weakened loonie, an ever-increasing cost-of-living and unemployment rolling through several Canadian provinces, that $200 shift isn’t too far away for many.
The MNP Consumer Debt Sentiment Survey was conducted by Ipsos Reid on behalf of MNP. Huffington Post Canada recently covered the survey in an article originally posted online at The Huffington Post Canada on September 28, 2016.
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MNP Consumer Debt Index plunges to 79 points, the second-lowest level ever recorded
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The latest MNP Consumer Debt Index has dropped to 79 points, a staggering 10-point decline from last quarter.
