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Six in 10 (59%) Manitoba and Saskatchewan residents within $200 of financial insolvency; up 16 points since December, reaching a five-year high
08/04/2021
Tanya Reynolds
MNP Consumer Debt Index
Six in 10 (59%) say they are $200 or less from not being able to pay all their bills and debt obligations each month — a whopping 16-point jump from December and the highest compared to the other provinces. This includes three in 10 (31%, +10pts) who report they are already insolvent with no money left to cover their payments at month-end.
More than half (54%) of Ontarians within $200 of financial insolvency; up 13 points since December, reaching a five-year high
08/04/2021
Caryl Newbery-Mitchell
MNP Consumer Debt Index
More than half (54%) say they are $200 or less from not being able to cover their monthly bills and debt obligations, a whopping 13-point jump from December. Compared to the other provinces, Ontarians are the most likely (32%, +10pts) to report they are already insolvent with no money left to cover their payments at month-end.
Nova Scotians among six in 10 (58%) Atlantic Canadians within $200 of financial insolvency; up three points since December, reaching a five-year high
08/04/2021
Tina Powell
MNP Consumer Debt Index
MNP Consumer Debt Index reveals declining financial confidence and increasing debt concerns among Nova Scotians as a result of the pandemic
18/01/2021
Tina Powell
MNP Consumer Debt Index
Now in its fifteenth wave, the MNP Consumer Debt Index, which is conducted quarterly by Ipsos on behalf of MNP LTD, finds nearly half (47%) of Atlantic Canadians are not confident they can cover their living expenses for the next year without going further into debt.
Debt consolidation vs. consolidating credit: What’s the difference?
13/01/2021
David Palmateer
Lifestyle Debt
Financial jargon can be murky at the best of times. Downright frustrating when you’re sinking in the depths of unmanageable debt.
Debt Trap? MNP Consumer Debt Index reveals Ontarians are taking advantage of low interest rates to spend beyond their means
18/01/2021
Caryl Newbery-Mitchell
MNP Consumer Debt Index
New research conducted by Ipsos on behalf of MNP LTD. finds six in 10 (63%) Ontarians feel the current low-interest environment is a good time to buy things they otherwise might not be able to afford.
MNP Consumer Debt Index reveals pandemic impact on personal finances and consumer debt in Manitoba and Saskatchewan
18/01/2021
MNP Consumer Debt Index
Now in its fifteenth wave, the MNP Consumer Debt Index finds four in 10 (42%) Manitoba and Saskatchewan residents are not confident they can cover their living expenses for the next year without going further into debt, a one-point drop from September.
MNP Consumer Debt Index Reaches Lowest Point Ever Recorded as COVID Lockdown Measures Continue
18/01/2021
Grant Bazian
MNP Consumer Debt Index
Now in its fifteenth wave, the MNP Consumer Debt Index has dropped to 89 points, the lowest point since it was introduced in June 2017.
MNP Consumer Debt Index finds declining financial confidence and increasing debt concerns among Quebecers as result of pandemic
18/01/2021
Frederic Lachance
MNP Consumer Debt Index
The quarterly MNP Consumer Debt Index, which is now in its fifteenth wave, finds nearly half (45%) of Quebecers are not confident they can cover their living expenses for the next year without going further into debt — a 12-point increase from September.
Should I wait until the New Year to speak to a Licensed Insolvency Trustee?
14/01/2021
Melanie Fuller
Lifestyle Debt
Beginning around the holiday season every year, many people wonder whether they should take the leap and seek professional help with their debt.
