MNP Debt Blog

Personal finances continue to be a major source of stress for Quebecers, and many anticipate that the situation will continue to deteriorate, according to the latest MNP Consumer Debt Index conducted quarterly by Ipsos.

With interest rates rising and borrowing costs remaining a challenge for households, the proportion of Quebecers who feel anxious about debt has reached an all-time high.

From near zero to the highest interest rates in over two decades, the latest MNP Consumer Debt Index reveals that significantly more Quebecers anticipate struggling with further rate hikes.

A recent Ipsos poll conducted on behalf of MNP LTD reveals higher costs and interest rates appear to be causing an isolation phenomenon, as half of Canadians say they’re staying home more often (51%) to save money.

A recent Ipsos poll conducted on behalf of MNP LTD reveals higher costs and interest rates appear to be causing an isolation phenomenon, as two in five Quebecers say they’re staying home more often (41%) to save money.

Six in 10 Quebecers likely to pile on more consumer debt before the end of the year, including one in five who will use buy now, pay later options.

The quarterly poll conducted by Ipsos on behalf of MNP LTD finds almost half (46%) of households in the province are not confident they’ll be able to cover all living and family expenses in the next 12 months without spending on credit.

Quebecers are becoming acutely aware of how interest rates and the cost of necessities impact their household budgets, as both continue on a months-long upward trajectory.

Enduring financial impacts of COVID-19, coupled with the pressures of rising interest rates and increases in the cost of living are weighing down Quebecers’ confidence in their personal finances, according to the MNP Consumer Debt Index, which is conducted...

The impacts of this year’s persistent inflation and consecutive interest rate hikes are becoming clear as Quebec residents voice concerns about the effect on their wallets.