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MNP Debt Blog

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From near zero to the highest interest rates in more than two decades, the latest MNP Consumer Debt Index finds significantly more Atlantic Canadians anticipate struggling with further rate hikes.

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From near zero to the highest interest rates in more than two decades, the latest MNP Consumer Debt Index finds significantly more Atlantic Canadians anticipate struggling with further rate hikes.

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From near zero to the highest interest rates in more than two decades, the latest MNP Consumer Debt Index finds significantly more Atlantic Canadians anticipate struggling with further rate hikes.

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Canadians’ debt outlook reaches lowest point in five years

More Canadians report their current and expected debt situation is deteriorating.

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From near zero to the highest interest rates in over two decades, the latest MNP Consumer Debt Index reveals that significantly more Quebecers anticipate struggling with further rate hikes.

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What we’ve learned over five years of the MNP Consumer Debt Index

The MNP Consumer Debt Index celebrated its fifth anniversary in July 2023. The information we’ve collected over 25 quarterly surveys paints a detailed picture of how Canadians feel about their finances and individual debt situations.

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With rising interest rates and the cost of living remaining a challenge for B.C. households, the proportion who report being close to insolvency has spiked.

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Amid rising interest rates and a challenging cost of living households, the proportion of Saskatchewan and Manitoba residents who report being close to insolvency has crept up since last quarter.

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Amid rising interest rates moving upwards and a challenging cost of living for households, the proportion of Albertans who are concerned about their ability to pay their debts has reached an all-time high.

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