As the energy sector continue to spur unemployment across the country, millions of Canadians find themselves turning to credit to keep up with the cost of living.
In fact, in western Canada, debt reliance has become so significant, households throughout the Prairie provinces, 64 per cent of people living in Saskatchewan and Manitoba would be unable to keep up with financial obligations and debt payments if their monthly finances were depleted by just $200.
These statistics come from MNP’s Consumer Debt Sentiment Survey, which was conducted by Ipsos Reid on MNP’s behalf. The Saskatoon Star Phoenix published an original article on September 28, 2016.
2025-10-06
MNP Consumer Debt Index
Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
2025-10-06
MNP Consumer Debt Index
The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency.
2025-10-06
MNP Consumer Debt Index
Albertans’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.
