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MNP Debt Blog

Two-thirds of Manitoba and Saskatchewan residents (65%, +5 pts) say they desperately need interest rates to go down following two consecutive interest rate pauses, according to the latest MNP Consumer Debt Index.

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Nearly two-thirds of Quebecers say they desperately need interest rates to go down (63%, -2 pts), according to the latest MNP Consumer Debt Index.

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Younger adults and lower-income households are most likely to report stress, stalled life plans, and living paycheque to paycheque.

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Two-thirds of British Columbians (67%, +2 pts) say they desperately need interest rates to go down despite two consecutive interest rate pauses, according to the latest MNP Consumer Debt Index.

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Two in five Ontarians (43%) report they are $200 or less away from financial insolvency each month, increasing five points this quarter, according to the latest MNP Consumer Debt Index.

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Two-thirds of Saskatchewan and Manitoba residents (65%, +5 pts) say they desperately need interest rates to go down following two consecutive interest rate pauses, according to the latest MNP Consumer Debt Index.

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Nearly half of Albertans (47%, +2 pts) report they are $200 or less away from financial insolvency each month — more than those in any other province — according to the latest MNP Consumer Debt Index.

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Three-quarters say they have cut back on spending due to economic uncertainty (75%), and say they are delaying major purchases or investments (76%), according to the latest MNP Consumer Debt Index.

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Nearly two-thirds say they have cut back on spending due to economic uncertainty (63%) and are delaying major purchases or investments (66%), according to the latest MNP Consumer Debt Index.

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Three-quarters (75%) say they have cut back on spending due to economic uncertainty, and nearly as many (71%) say they are delaying major purchases or investments, according to the latest MNP Consumer Debt Index.

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