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.
2023-11-27
MNP Consumer Debt Index
A recent Ipsos poll conducted on behalf of MNP LTD reveals higher costs and interest rates appear to be causing an isolation phenomenon, with three in five Albertans saying they are staying home more often (59%) to save money.
2023-11-27
MNP Consumer Debt Index
A recent Ipsos poll conducted on behalf of MNP LTD reveals higher costs and interest rates appear to be causing an isolation phenomenon, with more than half of Atlantic Canadians saying they’re staying home more often (55%) to save money. Two in five say they’re spending less time socializing (44%) to cut spending.
2023-11-27
MNP Consumer Debt Index
A recent Ipsos poll conducted on behalf of MNP LTD reveals that higher costs and interest rates appear to be causing an isolation phenomenon, with half of British Columbians saying they’re staying home more often (50%) to save money.
