Survey Results January 2018

2018-04-13

Author: Grant Bazian

According to a recent Ipsos poll conducted by MNP LTD., Canadians are increasingly worried about their ability to repay their debts. Since interest rates first rose in July, households across the country have noticed their budgets tightening as they struggle to keep up with expenses and manage other rising costs. Jumping eight percent since September, a full one-third (33%) of Canadians now say they are unable to cover their monthly bills and debt repayments. At the same time, almost half (48%) say they are $200 or less from not being able to meet their monthly financial obligations.

People sitting in a coffee house with two cups of coffee, a calculator, pens, paper, tablet, and a laptop on the table

Details behind MNP’s Consumer Debt Index, along with our provincial and national news releases can be found below.

MNP Press Releases

National: Canadians Increasingly Pessimistic About Their Ability to Absorb Higher Interest Rates and Cover Monthly Bills

B.C.: British Columbians Increasingly Pessimistic About Their Ability to Absorb Higher Interest Rates and Cover Monthly Bills

Alberta: Albertans Increasingly Pessimistic About Their Ability to Absorb Higher Interest Rates and Cover Monthly Bills

Saskatchewan: Saskatchewans Increasingly Pessimistic About Their Ability to Absorb Higher Interest Rates and Cover Monthly Bills

Manitoba: Manitobans Increasingly Pessimistic About Their Ability to Absorb Higher Interest Rates and Cover Monthly Bills

Ontario: Ontarians Increasingly Pessimistic About Their Ability to Absorb Higher Interest Rates and Cover Monthly Bills

Atlantic: Atlantic Canadians Increasingly Pessimistic About Their Ability to Absorb Higher Interest Rates and Cover Monthly Bills

Latest Blog Posts

2025-08-05

How to budget when you’re unemployed

Lindsay Burchill

Bankruptcy Consumer Proposal

Losing your job can be frustrating and, even more so, managing your financial wellbeing while you’re unemployed. However, you can successfully navigate the situation with the right budgeting tips.

  • First steps to take when you become unemployed
  • Managing your expenses
  • Seeking professional help

Read More

2025-08-04

How to Deal with Unexpected Medical Expenses

Nicole Polak

Since it’s impossible to predict or prevent most medical conditions or emergencies, the best way to handle them is by planning and preparing for them.

Read More

2025-08-01

How does filing for Bankruptcy affect your employment and salary?

If you are considering filing for Bankruptcy, it is important to understand the impact on your employment and salary. 

Read More

Consultation icon