Canadians And Insolvency The 200 Crisis

2016-10-31   minute read

Grant Bazian

MNP Consumer Debt Index

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.

Person talking on their cellphone looking over paperwork

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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