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

2025-10-21

How we helped a client decide between a consumer proposal and bankruptcy

Leah Drewcock

A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.

Read More

2025-10-20

Seniors and Debt

Pamela Meger

Alternatives to Bankruptcy Bankruptcy Consumer Proposal Lifestyle Debt MNP Consumer Debt Index

Just when seniors should be relaxing and enjoying the fruits of their labour, many find themselves struggling financially — an unsettling contrast to the ease they’d hoped to live their golden years.

Read More

2025-10-17

How buyer’s remorse laws can help you stay out of debt

Alana Orrell

This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt. 

Read More

Consultation icon