MNP Debt Blog

The quarterly MNP Consumer Debt Index, which is now in its fifteenth wave, finds nearly half (45%) of Quebecers are not confident they can cover their living expenses for the next year without going further into debt — a 12-point increase from September....

Now in its fifteenth wave, the MNP Consumer Debt Index has dropped to 89 points, the lowest point since it was introduced in June 2017.

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.

Now in its fifteenth wave, the MNP Consumer Debt Index finds four in 10 (42%) Saskatchewan and Manitoba residents are not confident they can cover their living expenses for the next year without going further into debt, a one-point drop from September....

As interest rates move upwards and the cost of living remains a challenge for households, the proportion of Canadians who report being insolvent has reached an all-time high, according to the latest MNP Consumer Debt Index.

Ontarians are feeling more pessimistic about their personal finances heading into 2025, despite declining interest rates.

The latest MNP Consumer Debt Index has dropped to 79 points, a staggering 10-point decline from last quarter.

According to the latest MNP Consumer Debt Index, more than half of Quebecers (53%) are $200 or less away from insolvency.

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.