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MNP Debt Blog

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Record Debt Lack Of Savings A Dangerous Mix For Bc Households

According to a recent poll, a combination of high debt and low savings means BC residents would turn to debt if caught off guard by a financial emergency.

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According to a recent Ipsos poll conducted by MNP LTD., Saskatchewan residents are increasingly worried about their ability to repay their debts.

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A recent study by Ipsos on behalf of MNP LTD underscores the anxiety British Columbians are feeling about the strain higher rates will place on their finances.

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Interest Rate Increase Strains Canadian Households

Early in July, the Bank of Canada’s first interest-rate hike in seven years set in motion a complex unwinding of a near-decade-long era of easy money via consumer debt.

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As retailers across the province advertise massive discounts to woo shoppers through their doors on Black Friday, thousands of British Columbians are preparing to paint their pocketbooks red with debt.

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According to a recent Ipsos survey commissioned by MNP LTD., a large majority of Quebecers agree there is a lack of financial literacy amongst the public which is fueling the national consumer debt problem.

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According to a recent Ipsos survey commissioned by MNP LTD., a large majority of Canadians agree there is a lack of financial literacy amongst the public which is fueling the national consumer debt problem.

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Albertans are increasingly reliant on debt, struggling to pay off their outstanding balances and apparently in the worst position of any province currently.

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A new survey released by MNP LTD finds that Ontarians are concerned about the uncertainty of a potential housing bubble and impending interest rate hikes, adding financial stress to households already carrying a record level of debt.

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Saskatchewan residents are increasingly reliant on debt and struggling to pay off their outstanding balances.

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