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.
More Than Half Of Canadians On The Brink Of Insolvency
Despite the fact that the Canadian economy continues to struggle, low interest rates have encouraged many Canadians to take on more debt. With that being said , a new poll conducted by Ipsos on behalf of MNP Ltd. shows that more than half of Canadians are living within $200 per month of not being able to pay all their bills or meet their debt obligations.
MNP Ltd.’s President, Grant Bazian suggests that the most alarming thing about the record consumer debt levels in Canada, is the lack of basic financial literacy skills to manage the debt. Without the budgeting skills to effectively manage increasing debt – thousands of households are at risk of finding themselves in a dangerous cycle of debt that can be incredible challenging to get out of.
Articles discussing the Ispos survey conducted on behalf of MNP regarding Canadian consumer debt were posted online with Global News, Boomer & Echo and Investment Executive.
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.
