MNP Debt Blog

As the price of crude oil continues to depress, unemployment rates and overall financial security has followed suit throughout the prairies.

MNP LTD Trustee Zaki Alam was interviewed by the numerous media outlets to discuss insolvency increase in Edmonton. The original article was originally posted online on numerous media outlets between June 27 - June 29, 2016.

The recent Business Outlook Survey conducted by the Bank of Canada confirmed what many Canadians already know – our economy is still struggling, unemployment is increasing, businesses are struggling and the cost of living is not making financial health...

MNP LTD Trustee Gord Neudorf was interviewed byWinnipeg Metro to discuss insolvency filings in Manitoba and how they compare to those of Saskatchewan and Alberta.

As of May 20, 2016, Saskatchewan had the highest delinquency rate in the country. Given how significantly Saskatchewan and Alberta have been hit by the oil slump, this doesn’t necessarily come as a surprise to financial strategists and advisors throughout...

As Canadians are struggling with a weakened economy and a consistently increasing cost of living, it's no surprise to learn that many are relying on credit and (current) low interest rates to help keep up with monthly financial obligations and expenses....

Given the current economic downturn in Alberta, it's not surprising to learn that insolvencies are at a significant upturn in the province. MNP's Donna Carson was on hand to speak with the Globe and Mail about the financial distress many in the province...

MNP LTD Trustee Ian Schofield was interviewed by Discover MooseJaw to discuss the increase in insolvencies in Saskatchewan. The original article was originally posted online at Discover MooseJaw on April 5, 2016.

The data is in, but it’s not necessarily surprising. Insolvencies are on the rise as many Canadians grapple with the burden of unmanageable debt.

With a weakened loonie and job losses on the rise, many are struggling to keep up with monthly expenses. In fact, according to a poll conducted with MNP, nearly 50% of Canadians are within just $200 of not being able to meet their financial obligations....