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MNP Debt Blog

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Nearly half of British Columbians are teetering on the edge of financial insolvency heading into 2025, despite declining interest rates.

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Nearly half of Manitoba and Saskatchewan residents are teetering on the edge of financial insolvency heading into 2025, despite declining interest rates.

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Nearly two-thirds say they have cut back on spending due to economic uncertainty (63%) and are delaying major purchases or investments (66%), according to the latest MNP Consumer Debt Index.

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Nearly three-quarters (73%) say they have cut back on spending due to economic uncertainty, and nearly as many (70%) say they are delaying major purchases or investments, according to the latest MNP Consumer Debt Index.

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Nearly two-thirds say they have cut back on spending due to economic uncertainty (63%) and are delaying major purchases or investments (66%), according to the latest MNP Consumer Debt Index.

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Three-quarters (75%) say they have cut back on spending due to economic uncertainty, and nearly as many (71%) say they are delaying major purchases or investments, according to the latest MNP Consumer Debt Index.

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Three-quarters say they have cut back on spending due to economic uncertainty (75%), and say they are delaying major purchases or investments (76%), according to the latest MNP Consumer Debt Index.

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

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As another Bank of Canada interest rate announcement looms, a recent poll conducted by Ipsos on behalf of MNP LTD finds six in 10 Canadians (59%,+1pt) are concerned about the impact of rising interest rates on their financial situation — inching...

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COVID-19’s enduring financial impact along with the pressures of rising interest rates and the increased cost of living are weighing down Atlantic Canadians’ confidence in their personal finances, according to the MNP Consumer Debt Index which...

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