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.
2025-07-14
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.
