MNP Debt Blog

Following nearly seven years of sustained, near historic low interest rates, Canadian debtholders were surprised this summer when the Bank of Canada introduced two back-to-back increases in less than three months.

Thinking back to my childhood, I can still remember the terror I felt every time Halloween approached.

A recent poll conducted by Ipsos on behalf of MNP LTD reveals 45% of Canadians say their financial situation is the worst around the holidays.

At some point, everyone has succumbed to the impulse to buy a new gadget, a new pair of shoes or some other spur of the moment gift for themselves.

If you’re feeling trapped by debt and worry you’ve run out of options, it is often helpful to seek sound advice and effective solutions from a qualified professional to get your finances back on track.

When Canadians find themselves in financial trouble, they may wonder about their options and who might be able to help.

It almost seems impossible to live without a credit card these days. There are just too many situations where one is required to justify not having one.

Debt by itself can be a scary thing. Coupled with divorce, it can seem insurmountable.

A new poll conducted by Ipsos on behalf of MNP LTD reveals 70% of Canadians are already reconsidering their spending habits given the new debt environment and their uncertainty about where things are headed.

With debt-to-disposable-income ratios higher than ever and non-mortgage consumer debt consistently above $20,000, it’s long been suspected Canadian consumer debt was unsustainable.