MNP Debt Blog

Struggling with debt? MNP Ltd. Trustee Derek Cramm recently discussed MNP’s Consumer Debt Sentiment Survey with CTV Halifax.

Given the country’s weakened economy and devalued dollar, paired with significant unemployment rolling through some provinces – it’s suffice to say Canadians are struggling. Low interest rates however, have kept many spending, often relying on credit...

As Alberta continues to grapple with the price of crude oil on the global market and as a result, significant unemployment rolling through the energy sector – it comes as no surprise to learn tens of thousands of Albertans are struggling with financial...

According to MNP’s recent Consumer Debt Sentiment Survey, 56 per cent of Canadians are on the brink of financial ruin.

Nearly half (47 per cent) of all homeowners with a mortgage agree in that they’re concerned about their ability to make their mortgage payments when interest rates rise, according to a survey conducted by MNP Debt.

As interest rates continue to sit at rock bottom, many Canadians are left feeling (far) richer than they actually are, dipping deeper and deeper into credit reliance to accommodate spending habits.

The Calgary Sun recently covered an MNP survey confirming just how significant the numbers are when it comes to Albertans and their debt.

With interest rates sitting at the bottom or the barrel, many British Columbians have felt free to spend as they please, dipping further and further into credit reliance in order to keep up spending habits.

The numbers are in and they’re telling a story that feels a little too close to home for Canadians. Given today’s struggling economy and unemployment hitting tens of thousands of households across the country, many consumers have found themselves...