MNP Debt Blog
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Three-quarters of Prince Edward Islanders have cut spending or postponed major purchases
14/04/2025
Tara Silliker
MNP Consumer Debt Index
Three-quarters (76%) say they have cut back on spending due to economic uncertainty — more than those in any other province.
Read More arrow_forwardLow interest rates and rising costs leading many Canadians down ever-riskier path to borrow more
04/10/2021
Grant Bazian
MNP Consumer Debt Index
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.
Read More arrow_forwardMore than half (53%) of British Columbians within $200 of insolvency; up 14 points since December, reaching a five-year high
08/04/2021
Linda Paul
MNP Consumer Debt Index
MNP Consumer Debt Index reveals declining financial confidence and increasing debt concerns among British Columbians due to pandemic
18/01/2021
Linda Paul
MNP Consumer Debt Index
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.
Read More arrow_forwardMore than half (54%) of Ontarians within $200 of financial insolvency; up 13 points since December, reaching a five-year high
08/04/2021
Caryl Newbery-Mitchell
MNP Consumer Debt Index
More than half (54%) say they are $200 or less from not being able to cover their monthly bills and debt obligations, a whopping 13-point jump from December. Compared to the other provinces, Ontarians are the most likely (32%, +10pts) to report they are...
Read More arrow_forwardMore than half (52%) of Albertans within $200 of financial insolvency; up 10 points since December
08/04/2021
Donna Carson
MNP Consumer Debt Index
More than half (52%) say they are $200 or less away from not being able to meet all of their bills and debt obligations each month, a whopping 10-point jump from December. This includes three in 10 (31%, +6pts) who report they are already insolvent with...
Read More arrow_forwardNova Scotians among six in 10 (58%) Atlantic Canadians within $200 of financial insolvency; up three points since December, reaching a five-year high
08/04/2021
Tina Powell
MNP Consumer Debt Index
New Brunswickers among six in 10 (58%) Atlantic Canadians within $200 of financial insolvency; up three points since December, reaching a five-year high
08/04/2021
Tara Silliker
MNP Consumer Debt Index
Newfoundlanders among six in 10 (58%) Atlantic Canadians within $200 of financial insolvency; up three points since December, reaching a five-year high
08/04/2021
Greg Gosse
MNP Consumer Debt Index
