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MNP Debt Blog

According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, nearly a third (32%) of Atlantic Canadians report turning to bill-splitting strategies such as carpooling, buying in bulk, sharing subscriptions and childcare, and living with...

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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,...

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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.

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Water falls at Knoxs dam in Prince Edward Island Canada

Atlantic Canadians’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.

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Old Port of Montreal in autumn Red maples and old Montreal buildings skyline reflected on St Lawrenc

Quebecers left with the smallest financial cushion in Canada as strain deepens

According to the latest MNP Consumer Debt Index, Quebecers’ financial vulnerability is intensifying as persistent economic uncertainty, concerns about borrowing costs, and employment anxiety weigh on household confidence.

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View of Canada Parliament building in Ottawa during tulip festival.

Three-quarters of Canadians say rising food and gas prices are straining their finances.

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Two-thirds of Manitoba and Saskatchewan residents (65%, +5 pts) say they desperately need interest rates to go down following two consecutive interest rate pauses, according to the latest MNP Consumer Debt Index.

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Nearly two-thirds of Quebecers say they desperately need interest rates to go down (63%, -2 pts), according to the latest MNP Consumer Debt Index.

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Two Adirondack chairs on a wooden dock overlook the tranquil blue waters of a Muskoka lake

Three-quarters of Ontarians say rising food and gas prices are straining their finances, the highest proportion among all provinces.

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Canola field in Saskatchewan Canada

More than half (56%) say they are experiencing financial whiplash as shifting conditions repeatedly disrupt their financial plans, according to the latest MNP Consumer Debt Index.

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