Why Are So Many Canadians In Debt

A debt survey conducted by MNP found that nearly half of Canadians are within just $200 of not being able to keep up with their monthly financial obligations. Given today’s economic climate and the state of the Canadian dollar, this comes as no surprise. For this reason, many are taking on more debt, simply to keep up with their expenses.

MNP LTD was interviewed by BNN to discuss the Canadian debt. The original article was originally posted online at BNN on February 18, 2016.

Latest Blog Posts

2025-10-06

Ontarians face ‘heat or eat’ decisions as financial strain deepens

Caryl Newbery-Mitchell

MNP Consumer Debt Index

Ontarians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.

Read More

2025-10-06

Report: Saskatchewan and Manitoba residents’ financial cushion shrinks as more edge closer to insolvency

Pamela Meger

MNP Consumer Debt Index

The financial vulnerability of Saskatchewan and Manitoba residents is intensifying as their financial cushions shrink and more households edge closer to insolvency. 

Read More

2025-10-06

Albertans face ‘heat or eat’ decisions as financial strain deepens

Lindsay Burchill

MNP Consumer Debt Index

Albertans’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.

Read More

Consultation icon