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More than half of Ontarians say they’re already feeling the effects of interest rate increases, up six points since December
18/04/2022
Caryl Newbery-Mitchell
MNP Consumer Debt Index
COVID-19’s enduring financial impacts along with the pressures of increased interest rates and a rising cost of living are weighing down Ontarians’ confidence in their personal finances, according to the MNP Consumer Debt Index, which is conducted...
Read More arrow_forwardMore than half of Saskatchewan and Manitoba residents say they’re already feeling the effects of interest rate increases, a seven-point jump since December
18/04/2022
Pamela Meger
MNP Consumer Debt Index
Saskatchewan and Manitoba residents are feeling the enduring financial impacts of COVID-19 along with the pressure of increased interest rates and a rising cost of living, according to the latest MNP Consumer Debt Index which is conducted quarterly by...
Read More arrow_forwardAlbertans feeling the effects of rising interest rates more than any other province, half say increases could drive them closer to Bankruptcy
18/04/2022
Donna Carson
MNP Consumer Debt Index
Albertans are feeling the enduring financial impacts of COVID-19 along with the pressures of increased interest rates and a rising cost of living more than any other province, according to the latest MNP Consumer Debt Index, which is conducted quarterly...
Read More arrow_forwardNova Scotians are among the most concerned about their ability to pay debts as interest rates rise, jumping six points since December to 68 percent
18/04/2022
Tina Powell
MNP Consumer Debt Index
COVID-19’s enduring financial impact along with the pressures of rising interest rates and the increased cost of living are weighing down Atlantic Canadians’ confidence in their personal finances, according to the MNP Consumer Debt Index which...
Read More arrow_forwardTips for New Parents (3 Minute Debt Break)
04/04/2022
Parenthood happens differently for everyone. But the one thing the same for everyone is the impact on your finances. You are now responsible for a whole other person who depends on you for everything. The good news is you can start planning for these...
Read More arrow_forwardLiving on a Single Income (3 Minute Debt Break)
07/03/2022
Lifestyle Debt
Debt Solutions
With a wavering Canadian economy and unemployment continuing to roll through several Canadian provinces, thousands of households have found themselves struggling to make it from one financial obligation to the next. This is especially true for single...
Read More arrow_forwardJanuary MNP Consumer Debt Index Recap (3 Minute Debt Break)
23/02/2022
MNP Consumer Debt Index
The latest debt index finds Canadians are showing record-low confidence levels when it comes to their personal finances and debt repayment abilities. Now in its nineteenth wave, the MNP Consumer Debt Index has reached the lowest point since inception,...
Read More arrow_forwardMore than half of Canadians concerned about impact of rising interest rates, up three points since September
22/02/2022
Grant Bazian
MNP Consumer Debt Index
As the country inches closer to the Bank of Canada’s next interest rate announcement on March 2, 2022, many Canadian households stretched thin by the rising costs of living over the COVID-19 pandemic will be bracing for a potentially challenging...
Read More arrow_forwardSix in 10 British Columbians concerned about impact of rising interest rates, jumping seven points since September
22/02/2022
Linda Paul
MNP Consumer Debt Index
As the country inches closer to the Bank of Canada’s next interest rate announcement on March 2, 2022, many British Columbia households stretched thin by rising costs of living over the COVID-19 pandemic will be bracing for a potentially challenging...
Read More arrow_forwardSix in 10 Albertans concerned about impact of rising interest rates
22/02/2022
Donna Carson
MNP Consumer Debt Index
As the country inches closer to the Bank of Canada’s next interest rate announcement on March 2, 2022, many Alberta households stretched thin by rising costs of living over the COVID-19 pandemic will be bracing for a potentially challenging year...
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