MNP Debt Blog

Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.

Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.

According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, a quarter (26%) of Manitoba and Saskatchewan residents report turning to bill-splitting strategies such as carpooling, buying in bulk, sharing subscriptions and childcare,...

Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.

Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.

Six in 10 (58%) are at least somewhat likely to borrow more before the end of this year, including nearly four in 10 (37%) who say they’re inclined to use a credit card that already carries a balance.

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.

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...

Now in its fifteenth wave, the MNP Consumer Debt Index found more than half (52%) of British Columbians regret the amount of debt they have taken on, a five-point jump since September and the largest proportion compared to the other provinces.