Survey Results January 2018

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.

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