MNP Debt Blog
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MNP Consumer Debt Index drops six points, reflecting Canadians’ worsening debt outlook despite recent interest rate cut
22/07/2024
Grant Bazian
MNP Consumer Debt Index
The MNP Consumer Debt Index has dropped to 85 points, down six points from the previous quarter.
Read More arrow_forwardNearly three in five British Columbians say interest rates will need to drop much further before their financial situation significantly improves
22/07/2024
Linda Paul
MNP Consumer Debt Index
British Columbians are feeling pessimistic about their personal finances this quarter, despite the recent interest rate cut by the Bank of Canada.
Read More arrow_forwardMore than half of Ontarians say interest rates will need to drop much further before their financial situation significantly improves
22/07/2024
Caryl Newbery-Mitchell
MNP Consumer Debt Index
Ontarians are feeling pessimistic about their personal finances this quarter, despite the recent interest rate cut by the Bank of Canada.
Read More arrow_forwardTwo-thirds of Saskatchewan and Manitoba residents say interest rates will need to drop much further before their financial situation significantly improves — more than any other province
22/07/2024
Pamela Meger
MNP Consumer Debt Index
Saskatchewan and Manitoba residents are feeling more pessimistic about their personal finances this quarter, despite the recent interest rate cut by the Bank of Canada.
Read More arrow_forwardNearly half of Albertans are $200 or less away from failing to meet all their financial obligations, a significant 13-point increase since last quarter
22/07/2024
Lindsay Burchill
MNP Consumer Debt Index
Significantly more Albertans are close to insolvency this quarter — and many are feeling pessimistic about their personal finances, despite the recent interest rate cut by the Bank of Canada.
Read More arrow_forwardMore than half of Nova Scotians say interest rates will need to drop much further before their financial situation significantly improves
22/07/2024
Tina Powell
MNP Consumer Debt Index
Atlantic Canadians are feeling pessimistic about their personal finances, despite the recent interest rate cut by the Bank of Canada.
Read More arrow_forwardMore than half of New Brunswickers say interest rates will need to drop much further before their financial situation significantly improves
22/07/2024
Tara Silliker
MNP Consumer Debt Index
Atlantic Canadians are feeling pessimistic about their personal finances, despite the recent interest rate cut by the Bank of Canada.
Read More arrow_forwardMore than half of Newfoundland and Labradorians say interest rates will need to drop much further before their financial situation significantly improves
22/07/2024
Karen Aylward
MNP Consumer Debt Index
Atlantic Canadians are feeling pessimistic about their personal finances, despite the recent interest rate cut by the Bank of Canada.
Read More arrow_forwardMore than half of Prince Edward Islanders say interest rates will need to drop much further before their financial situation significantly improves
22/07/2024
Tara Silliker
MNP Consumer Debt Index
Atlantic Canadians are feeling pessimistic about their personal finances, despite the recent interest rate cut by the Bank of Canada.
Read More arrow_forwardTwo-thirds of Manitoba and Saskatchewan residents say interest rates will need to drop much further before their financial situation significantly improves — more than any other province
22/07/2024
Tanya Reynolds
MNP Consumer Debt Index
Manitoba and Saskatchewan residents are feeling more pessimistic about their personal finances this quarter, despite the recent interest rate cut by the Bank of Canada.
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