Few will be surprised to hear that when it comes to finances, Albertans are struggling. With a continual downturn in the price of oil, a barrage of layoffs and a weakened Canadian dollar, making it from one debt payment to the next has become a significant challenge.
MNP LTD Trustee Zaki Alam was interviewed by News Talk 770 to discuss the increase in insolvencies in Alberta. The original article was originally posted online at News Talk 770 on March 6, 2016.
CIRP, LIT, CPA, CA
Senior Vice President
Servicing: Edmonton (Downtown), Edmonton (North East), Edmonton (South), Edmonton (West), Grande Prairie, Leduc, Sherwood Park, Spruce Grove, St. Albert, Yellowknife
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.
