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MNP Debt Blog

Atlantic Canadians’ confidence in their personal finances and debt repayment is noticeably shaken as uncertainty and pandemic fatigue continue to build amid the spread of the Omicron COVID-19 variant, according to the latest MNP Consumer Debt Index....

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The impact of this year’s consecutive interest rate hikes and persistent inflation is becoming clear, as Canadians are seeing the effect on their wallets.

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Saskatchewan and Manitoba residents’ anxiety about their debt situation is building, amid rising interest rates, persistent inflation, and heightened affordability concerns.

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Younger adults and lower-income households are most likely to report stress, stalled life plans, and living paycheque to paycheque.

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The enduring financial impacts of COVID-19 coupled with the pressures of rising interest rates and a higher cost of living are weighing down Canadians’ confidence in their personal finances, according to the MNP Consumer Debt Index which is conducted...

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