MNP Debt Blog

The Bank of Canada raised its key interest rate, the overnight rate, by a quarter percentage point to 1.25 percent on January 17, 2018, the highest it has been since 2009.

It’s a week before payday and your car just broke down. Your mechanic tells you it’s going to cost $750 to fix the problem, but you only have $500 to get you through the next seven days.

Almost everyone looks forward to retiring some day.

5 helpful tips for managing your holiday spending

A new poll conducted by Ipsos on behalf of MNP LTD reveals one in three Canadians are already feeling the effects of recent increase, while two in five worry any further increases will put them in financial trouble.

Buy Nothing Day: It’s been described as a movement, a means for people to reclaim control over rampant consumerism, an exercise in financial discipline, a protest.

Debt by itself can be a scary thing. Coupled with divorce, it can seem insurmountable.

At some point, everyone has succumbed to the impulse to buy a new gadget, a new pair of shoes or some other spur of the moment gift for themselves.

Following nearly seven years of sustained, near historic low interest rates, Canadian debtholders were surprised this summer when the Bank of Canada introduced two back-to-back increases in less than three months.

If you want to leave a legacy when you pass away, defeat debt before you retire. Otherwise all you leave may be paperwork and memories.