The recent Business Outlook Survey conducted by the Bank of Canada confirmed what many Canadians already know – our economy is still struggling, unemployment is increasing, businesses are struggling and the cost of living is not making financial health easy for anyone.
For many residents of Prince George, the weight of financial hardship has become all too familiar of a burden as many struggle from one payment to the next. Notably, those who worked in the oil and gas industry in northeast B.C. and Alberta, have been hit particularly hard. LTD Trustee Leah Drewcock recently spoke with the Prince George Citizen about the increase in insolvencies within Prince George. The original article was originally posted online at the Prince George Citizen on June 30, 2016.
CIRP, LIT
Senior Vice-President
Servicing: Prince George, Terrace, Quesnel, Vanderhoof
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.
