2026-04-13
MNP Consumer Debt Index: Newfoundland and Labradorians experiencing financial whiplash as economic uncertainty persists
MNP Consumer Debt Index
Nearly three-quarters say rising food and gas prices are straining their finances.
Consumers In B.C. And The Burdens of Debt
As Canadians are struggling with a weakened economy and a consistently increasing cost of living, it's no surprise to learn that many are relying on credit and (current) low interest rates to help keep up with monthly financial obligations and expenses.
Credit can be a great solution for managing short-term necessities, but long-term credit dependency could lead to significant financial distress - especially if you're deep in the red when interest rates inevitably begin to rise.
The original article was posted online at Vancouver Sun on May 3, 2016.
Linda Paul
CIRP, LIT
Senior Vice-President
Servicing: Abbotsford, Chilliwack, Maple Ridge, Surrey, Langley
Latest Blog Posts
2026-04-13
MNP Consumer Debt Index: Saskatchewan and Manitoba residents experiencing financial whiplash as economic uncertainty persists
MNP Consumer Debt Index
More than half (56%) say they are experiencing financial whiplash as shifting conditions repeatedly disrupt their financial plans, according to the latest MNP Consumer Debt Index.
2026-04-13
MNP Consumer Debt Index: New Brunswickers experiencing financial whiplash as economic uncertainty persists
MNP Consumer Debt Index
Nearly three-quarters say rising food and gas prices are straining their finances.
