MNP Debt Blog
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Almost half of Ontarians are $200 or less away from insolvency, cannot pay their bills each month
13/10/2020
Caryl Newbery-Mitchell
MNP Consumer Debt Index
COVID-19
The latest MNP Consumer Debt Index points to debt trouble in Ontario, particularly as payment deferrals and government emergency aid programs change or wind down.
Read More arrow_forwardOne quarter of Albertans technically insolvent, cannot pay their bills each month
13/10/2020
Sandra Landry
MNP Consumer Debt Index
COVID-19
The latest MNP Consumer Debt Index points to debt trouble in Alberta, particularly as payment deferrals and government emergency aid programs change or wind down.
Read More arrow_forwardThree in ten British Columbians say they cannot pay their bills each month, the most of any province
13/10/2020
Linda Paul
MNP Consumer Debt Index
COVID-19
The latest MNP Consumer Debt Index points to debt trouble in British Columbia, particularly as payment deferrals and government emergency aid programs change or wind down.
Read More arrow_forwardMore than half of Saskatchewan and Manitoba residents are $200 or less away from insolvency at month-end, the highest compared to other provinces
13/10/2020
Pamela Meger
MNP Consumer Debt Index
COVID-19
The latest MNP Consumer Debt Index points to debt trouble in the two provinces, particularly as payment deferrals and government emergency aid programs change or wind down.
Read More arrow_forwardHalf of Quebecers are $200 or less from insolvency at month-end (+10pts since June, largest jump compared to other provinces)
13/10/2020
Frederic Lachance
MNP Consumer Debt Index
COVID-19
The latest MNP Consumer Debt Index points to debt trouble in Quebec as payment deferrals and government emergency aid programs wind down or change.
Read More arrow_forwardMNP Consumer Debt Index Highlights Divergent Experiences of Canadians during COVID
13/10/2020
Grant Bazian
MNP Consumer Debt Index
COVID-19
As the country enters its seventh month of economic disruption, the pandemic recession is putting a spotlight on the divergent experiences of Canadians during COVID.
Read More arrow_forwardDebt addiction is a serious problem among Canadians. These are the signs to look out for and how to begin your recovery.
07/10/2020
Tanya Reynolds
Debt Solutions
Lifestyle Debt
Millions of Canadians are struggling with debt addiction — a problem that has worsened over more than a decade of historically low interest rates and a growing culture of debt normalization.
Read More arrow_forwardDebt Consolidation Options (MNP 3 Minute Debt Break)
06/10/2020
Debt Solutions
Bankruptcy
Consumer Proposal
If your debt payments have become overwhelming, Consolidation can be the answer. There are numerous ways to consolidate your debt, but generally it involves lumping most or all your balances together into a single affordable payment. Here are just a few...
Read More arrow_forwardFour strategies for reducing debt in retirement
05/10/2020
Nicole Polak
Debt Solutions
Lifestyle Debt
Recent studies have suggested as many as half of Canadians are retiring in debt.
Read More arrow_forwardQuick tips to calculate and prioritize your debt
30/09/2020
Tara Silliker
Lifestyle Debt
Debt can feel overwhelming, and it can be difficult to keep track of everything. Especially as our lives get busier and we have more distractions grabbing at our attention.
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