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.
2019-01-21
Fear of rate hikes continues to intensify among Canadians.
According to a recent Ipsos poll conducted by MNP LTD., Canadians continue to fear increasing financial turbulence as the prospect of another interest rate hike looms.
The most recent MNP Consumer Debt Index indicates debt anxiety has intensified over recent months, as one in three people across the country worry rising interest rates could move them towards bankruptcy – up six percent since June.
More than half of Canadians (52%, up 3%) are concerned about whether they will be able to afford their debts as rates climb. And, with a seven percent jump, the number of people who say they're feeling the effects of previous rate increases is now more than two in five (45%) – while the same number (45%) admit future increases could place them in financial trouble.
2025-04-14
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.
2025-04-14
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
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.