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MNP Debt Blog

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Interest Rates Sending Canadians On Spending Sprees

With the Bank of Canada holding interest rates steady at 0.5 per cent, Canadians continue to feel confidant in excess spending, relying on credit as the national economy continues to struggle and many households are grappling with depleted income.

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Instalment Loan Debt Delinquency Increase Sharply

MNP's TAKE: As the price of oil continues to drag and Canadians from coast to coast face increased unemployment, many are turning to credit or high risk (which also means high interest) loans to carry them through what they hope to be a short-lived financial...

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Insolvency Rates In Alberta Climb As The Economic Downturn Wears On

With a continual downturn in the price of oil, a barrage of layoffs and a weakened Canadian dollar, making it from one debt payment to the next has become a significant challenge.

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Insolvency Rate Linked To Plunging Oil Prices

As unemployment continues to increase across the prairies due to a sharp decline in the price of oil, many have found themselves relying on credit to pay for day-to-day expenses as severance pay begins to dwindle and unemployment insurance runs its course....

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Insolvency On The Rise

With thousands of Albertans laid off due to the downturn in the oil and gas industry, it’s no surprise to learn that Alberta is experiencing an all-time high in delinquent loans.

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Marketplace to benefit with MNP resources and personalized debt solutions

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212 individuals and businesses filed either bankruptcies or Consumer Proposals in March 2105, which is the highest number reported in four years.

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How To Survive On A Single Income

With a wavering Canadian economy and unemployment continuing to roll through several Canadian provinces, thousands of households have found themselves struggling to make it from one financial obligation to the next.

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Increased Interest Rates Could Spell Disaster For Canadians In Debt

With banks offering consumers a record amount of credit in recent years, Canadian households will face tough times ahead if they aren’t able to reduce their debt loads.

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Increase In Insolvencies In Canada

Statistics Canada recently released a report stating that Canadians are holding a record level of household debt with the average Canadian household owing 164.6% of its annual income.

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