Saskatchewan And Manitoba Side By Side In Debt Crisis

2016-10-28   minute read

Grant Bazian

MNP Consumer Debt Index

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. 

Person on their laptop holding a credit card

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.

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