MNP Debt Blog

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.

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.

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.

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.

Eight times a year, the Bank of Canada will make an announcement on the key interest rate, and if projections are correct, we are going to see interest rates rise. You could be thinking, what does that mean, how will it affect me, what can I do?

With rates still elevated, Canadians renewing mortgages face tough choices. Here’s how to prepare.

Financial literacy is the key to educating youth to manage money effectively so that they can become financial stable, build assets, and achieve personal goals.

If you sit down with your parents, they might have a lot of valuable pieces of advice to help you save money. These five tips can help you build a budget.

Here are the ABC’s of dealing with creditors and debt collectors.