MNP Debt Blog

According to a recent Ipsos survey commissioned by MNP LTD., a large majority of Ontarians agree there is a lack of financial literacy amongst the public which is fueling the national consumer debt problem.

The collective pressures of increased interest rates, an uptick in consumer debt over the holidays, a stagnating economy and persistently high cost of living are making it difficult for Canadians to repay their debts.

Credit today is more accessible than ever. On top of that are endless advertising and marketing initiatives that would have us believe lenders are our friends – here to help us out in a pinch.

The number of consumer insolvencies per thousand residents in Edmonton, aged 18 years or above, hit 4.4 in 2018 – rising to the highest level since 2009 when it sat at 4.5.

A recent Ipsos poll conducted by MNP LTD., has found that Albertans are fearful of increased financial turbulence in the wake of future interest rate hikes.

A recent Ipsos poll conducted by MNP LTD., has found that British Columbians are fearful of increased financial turbulence in the wake of future interest rate hikes.

A recent Ipsos poll conducted by MNP LTD., has found that Manitoba and Saskatchewan residents are fearful of increased financial turbulence in the wake of future interest rate hikes.

According to a recent Ipsos poll conducted by MNP LTD., Canadians continue to fear increasing financial turbulence as the prospect of another interest rate hike looms.

A recent Ipsos poll conducted by MNP LTD., has found that Ontario residents are fearful of increased financial turbulence in the wake of future interest rate hikes.

A recent Ipsos poll conducted by MNP LTD., has found that Saskatchewan and Manitoba residents are fearful of increased financial turbulence in the wake of future interest rate hikes.