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Albertans’ confidence in personal finances, debt repayment abilities plummets amid pandemic fatigue and uncertainty

Albertans’ confidence in their personal finances has plummeted as uncertainty and pandemic fatigue continue to build amid the spread of the COVID-19 Omicron variant, according to the latest MNP Consumer Debt Index.

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Atlantic Canadians’ Confidence in Personal Finances, Debt Repayment Abilities Plummets Amid Pandemic Fatigue and Uncertainty (Nova Scotia Release)

Atlantic Canadians’ confidence in their personal finances and debt repayment is noticeably shaken as uncertainty and pandemic fatigue continue to build amid the spread of the Omicron COVID-19 variant, according to the latest MNP Consumer Debt Index.

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MNP Consumer Debt Index reveals declining financial confidence and increasing debt concerns among British Columbians due to pandemic

Now in its fifteenth wave, the MNP Consumer Debt Index found more than half (52%) of British Columbians regret the amount of debt they have taken on, a five-point jump since September and the largest proportion compared to the other provinces.

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Atlantic Canadians’ Confidence in Personal Finances, Debt Repayment Abilities Plummets Amid Pandemic Fatigue and Uncertainty (New Brunswick Release)

Atlantic Canadians’ confidence in their personal finances and debt repayment is noticeably shaken as uncertainty and pandemic fatigue continue to build amid the spread of the Omicron COVID-19 variant, according to the latest MNP Consumer Debt Index.

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More than half (54%) of Ontarians within $200 of financial insolvency; up 13 points since December, reaching a five-year high

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.

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Atlantic Canadians’ Confidence in Personal Finances, Debt Repayment Abilities Plummets Amid Pandemic Fatigue and Uncertainty (Newfoundland Release)

Atlantic Canadians’ confidence in their personal finances and debt repayment is noticeably shaken as uncertainty and pandemic fatigue continue to build amid the spread of the Omicron COVID-19 variant.

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Nearly half of Ontarians doubtful they can cover living expenses this year without going further into debt, highest since December 2019

The quarterly poll conducted by Ipsos on behalf of MNP LTD finds almost half (46%, +6pts since March) are not confident they’ll be able to cover all living and family expenses in the next 12 months without spending on credit.

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Atlantic Canadians’ Confidence in Personal Finances, Debt Repayment Abilities Plummets Amid Pandemic Fatigue and Uncertainty (Prince Edward Island Release)

Atlantic Canadians’ confidence in their personal finances and debt repayment is noticeably shaken as uncertainty and pandemic fatigue continue to build amid the spread of the Omicron COVID-19 variant, according to the latest MNP Consumer Debt Index.

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Six in 10 (59%) Saskatchewan and Manitoba residents within $200 of financial insolvency; up 16 points since December, reaching a five-year high

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.

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