2025-04-14
Three quarters of New Brunswickers have cut spending or postponed major purchases
MNP Consumer Debt Index
Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.
Consumer Debt Weighs On Prince George
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.
Leah Drewcock
CIRP, LIT
Senior Vice-President
Servicing: Prince George, Terrace, Quesnel, Vanderhoof
Latest Blog Posts
2025-04-14
Nearly three-quarters of Quebecers have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty
MNP Consumer Debt Index
Nearly three-quarters (73%) say they have cut back on spending due to economic uncertainty, and nearly as many (70%) say they are delaying major purchases or investments, according to the latest MNP Consumer Debt Index.
2025-04-14
Nearly three-quarters of British Columbians have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty
MNP Consumer Debt Index
Nearly three-quarters say they have cut back on spending (74%) and are delaying major purchases or investments (75%), according to the latest MNP Consumer Debt Index.
