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Should I be using my credit card for big purchases?

Like many of the topics we tackle at MNP, the unfortunate answer here is it depends on why you want to use your credit card and what your plan is to pay it off.

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My spouse wants to declare bankruptcy and I don't, what are our options?

Debt problems can strain relationships and cause stress for the entire family. If your spouse has met with a Licensed Insolvency Trustee and is (or is considering) filing a Bankruptcy, the impact on you will depend on the extent of your joint debt.

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Loved ones and debt: how to broach the subject

According to separate surveys conducted in Canada and the United States, discussing the topic of personal debt was ranked by some participants as a bigger taboo than topics like politics, religion, and marital problems.

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More than half of Canadians concerned about impact of rising interest rates, up three points since September

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 year ahead. More than half (55%) of Canadians are concerned about the impact of rising interest rates on their financial situation, a three-point increase from September, according to a recent poll conducted...

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Six in 10 Albertans concerned about impact of rising interest rates

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 ahead. Six in 10 Albertans (60%, unchanged from September) are concerned about the impact of rising interest rates on their financial situation, according to a recent poll conducted by Ipsos on behalf...

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Five resources to increase your money management IQ this financial literacy month

Personal finance can seem like an endless stream of jargon, best practices, and often contradictory advice about what you should do with your hard-earned income.

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Six in 10 British Columbians concerned about impact of rising interest rates, jumping seven points since September

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 year ahead. Compared to the other provinces, British Columbians are the most likely to be concerned about the impact of rising interest rates on their financial situation, increasing a significant...

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Nearly half of New Brunswickers are starting 2025 just $200 or less away from insolvency

Nearly half of Atlantic Canadians are teetering on the edge of financial insolvency heading into 2025, despite declining interest rates.

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Escalating financial concerns in Alberta: Nearly three in five fear they can't repay debts despite interest rate cuts, worries over job loss and Bankruptcy increase

Albertans are feeling more pessimistic about their personal finances heading into 2025, despite declining interest rates.

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Nearly half of Newfoundland and Labradorians are starting 2025 just $200 or less away from insolvency

Nearly half of Atlantic Canadians are teetering on the edge of financial insolvency heading into 2025, despite declining interest rates

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