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MNP Debt Blog

Rear view of two bright yellow Adirondack chairs on a wooden dock at sunrise in Muskoka, Ontario

According to the latest MNP Consumer Debt Index, more than three in five Ontarians (63%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.

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Canadian Parliament in Ottawa in a sunny day Canada

According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.

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Yoho River flows through the footbridge in the forest over the Takakkaw Falls waterfall

According to the latest MNP Consumer Debt Index, nearly three in five British Columbians (58%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.

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View of the picturesque Bic Park (Parc national du Bic)

According to the latest MNP Consumer Debt Index, nearly three in five Quebecers (57%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.

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As the country inches closer to the Bank of Canada’s next interest rate announcement on March 2, 2022, many Canadian households stretched thin by the rising costs of living over the COVID-19 pandemic will be bracing for a potentially challenging...

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More than half of Atlantic Canadians (54%) say they are concerned about their current debt level according to the latest MNP Consumer Debt Index.

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More than half of Atlantic Canadians (54%) say they are concerned about their current debt level according to the latest MNP Consumer Debt Index.

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More than half of Atlantic Canadians (54%) say they are concerned about their current debt level according to the latest MNP Consumer Debt Index.

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More than half of Atlantic Canadians (54%) say they are concerned about their current debt level according to the latest MNP Consumer Debt Index.

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Holding red leaf during autumn

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

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