Canadians face difficulties seeking assistance with debt

Half of Canadians have difficulties trusting companies that assist with managing debt or are embarrassed to seek financial advice.

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Ontarians’ optimism about debt and personal finances jumps amid relief measures and reduced consumer spending

While the financial picture for many Ontarian households looked bleak last quarter, many have stayed afloat thanks to the current raft of pandemic-related support programs.

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Saskatchewan and Manitoba are more pessimistic about personal finances than anywhere in Canada

Saskatchewan and Manitoba households were feeling more optimistic last quarter, but concern about debt is now growing in the provinces — even despite the raft of pandemic-related support programs.

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British Columbians concerned about personal finances

The financial picture for many British Columbian households looked bleak last quarter. And even with the current raft of pandemic-related support programs, many are struggling.

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Manitoba and Saskatchewan are more pessimistic about personal finances than anywhere in Canada

Manitoba and Saskatchewan households were feeling more optimistic last quarter, but concern about debt is now growing in the provinces — even despite the raft of pandemic-related support programs.

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MNP Consumer Debt Index highlights financial upside of pandemic among Canadians

While the financial picture for many Canadian households looked bleak last quarter, many have stayed afloat thanks to the current raft of pandemic-related support programs.

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What are my debt consolidation options?

Consolidation is one of the options you may choose to investigate if your debt payments have become overwhelming.

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What assets can you keep in a Consumer Proposal?

Worried about losing your assets in a Consumer Proposal? Learn which assets you can keep and how a Licensed Insolvency Trustee can help you protect what matters most.

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Three-quarters of Ontarians have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty

Three-quarters say they have cut back on spending due to economic uncertainty (75%), and say they are delaying major purchases or investments (76%), according to the latest MNP Consumer Debt Index.

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