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One In Five Ontario Residents Are Technically Insolvent
02/03/2015
Grant Bazian
MNP Consumer Debt Index
Canadians underestimate debt-to-income balance. February 23, 2015, Calgary, AB — Almost of fifth of Ontario residents owe more than they own or earn, making them technically insolvent and at risk of bankruptcy, according to a new survey by Ipsos Reid....
Read More arrow_forwardAlbertans Asked To Think Twice Before Taking On More Debt
06/03/2015
Randy Kobbert
MNP Consumer Debt Index
The Bank of Canada announced on Jan. 21 the interest rate had been cut by 0.25%. Although good news, MNP personal bankruptcy trustees caution Canadians about taking advantage of this decrease by taking on more debt.
Read More arrow_forwardOne In Five Canadians Likely To Take On Additional Credit Debt Due To The Bank Of Canada Rate Cut Announcement
19/03/2015
Donna Carson
MNP Consumer Debt Index
A new survey conducted by Ipsos Reid on behalf of MNP Ltd. reveals that a sizable portion of Canadians are willing to take on more debt due to the Bank of Canada’s key interest rate cut announcement.
Read More arrow_forwardAlbertans Have the Highest Consumer Debt in the Nation
30/10/2015
Donna Carson
MNP Consumer Debt Index
Canada’s debt ratio is at the highest debt income ration we’ve ever had. For every dollar we currently make, we are spending approximately $1.65 on credit.
Read More arrow_forwardOne In Three Canadians Feel Rising Interest Rates Could Push Them Towards Bankruptcy
16/02/2016
Grant Bazian
MNP Consumer Debt Index
Nearly half of Canadians are just $200 away from financial crisis; 28 per cent plan to take on more debt to cover regular household expenses in 2016.
Read More arrow_forwardSaskatchewan Bankruptcy
18/02/2016
Ian Schofield
MNP Consumer Debt Index
There’s no denying the facts. Given the significant effect the downturn in the oil & gas industry has had across Alberta and Saskatchewan, many businesses are struggling to stay afloat.
Read More arrow_forwardWhy Are So Many Canadians In Debt
08/03/2016
Grant Bazian
MNP Consumer Debt Index
A debt survey conducted by MNP found that nearly half of Canadians are within just $200 of not being able to keep up with their monthly financial obligations.
Read More arrow_forwardInsolvency Rates In Alberta Climb As The Economic Downturn Wears On
31/03/2016
Zaki Alam
MNP Consumer Debt Index
With a continual downturn in the price of oil, a barrage of layoffs and a weakened Canadian dollar, making it from one debt payment to the next has become a significant challenge.
Read More arrow_forwardCanadian Debt Is On The Rise But Our Economy Isnt
21/04/2016
Grant Bazian
MNP Consumer Debt Index
As Canadians struggle in a weakened economy, thousands are starting to bend under the weight of trying to make it from one financial obligation to the next. And what are we relying on to get us through the day-to-day expenses? Debt.
Read More arrow_forwardAs Household Debt Continues To Rise How Are We Going To Pay For It
25/04/2016
Grant Bazian
MNP Consumer Debt Index
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....
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