2018-04-01
According to a recent Ipsos poll conducted by MNP LTD., Canadians’ pocketbooks are continuing to get lighter as a result of recent interest rate increases. The latest results from the quarterly survey indicate a worsening situation foreshadows more trouble ahead. Up five percent over the last six months, more than two in eight (43%) Canadians say they’ve felt the pinch of higher interest payments, and more than half (51%) are now concerned past and future hikes could impact their ability to repay their debts. Also up five percent, a full third of Canadians now believe this trend could push them towards bankruptcy.
Details behind MNP’s Consumer Debt Index, along with our provincial and national news releases can be found below.
National: Trouble Ahead: Canadians Increasingly Feeling the Impact of Higher Interest Rates
B.C.: British Columbians Increasingly Feeling the Impact of Higher Interest Rates
Alberta: Albertans Increasingly Feeling the Impact of Higher Interest Rates
Saskatchewan: Saskatchewans Increasingly Feeling the Impact of Higher Interest Rates
Manitoba: Manitobans Increasingly Feeling the Impact of Higher Interest Rates
Ontario: Ontarians Increasingly Feeling the Impact of Higher Interest Rates
Atlantic: Atlantic Canadians Increasingly Feeling the Impact of Higher Interest Rates
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
