MNP Debt Blog

After a near decade long streak of low borrowing costs and easy credit from banks, Canadians are carrying record levels of debt.

As of May 20, 2016, Saskatchewan had the highest delinquency rate in the country. Given how significantly Saskatchewan and Alberta have been hit by the oil slump, this doesn’t necessarily come as a surprise to financial strategists and advisors throughout...

As the nation awaits the Bank of Canada’s next announcement on interest rates, Atlantic Canadians’ appetite for cheap credit is being highlighted by a new Ipsos survey conducted on behalf of MNP Debt.

The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying British Columbians’ consumer debt binge.

The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying Atlantic Canadians’ consumer debt binge.

According to MNP’s recent Consumer Debt Sentiment Survey, 56 per cent of Canadians are on the brink of financial ruin.

As the price of crude oil continues to depress, unemployment rates and overall financial security has followed suit throughout the prairies.

With interest rates parked at record lows, many Canadians have taken full advantage – splurging on low cost credit despite a stagnant economy.

The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying Manitoba residents’ consumer debt binge.

Despite the fact that the Canadian economy continues to struggle and unemployment takes its toll on several provinces, low interest rates have encouraged many Manitobans to take on more debt – putting thousands of households at risk should rates increase....