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Manitoba and Saskatchewan residents’ debt concerns spike amid persistently high interest rates, inflation and affordability struggles, MNP Consumer Debt Index finds

Manitoba and Saskatchewan residents’ anxiety about their debt situation is building, amid rising interest rates, persistent inflation, and heightened affordability concerns.

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Saskatchewan and Manitoba feeling the strain of inflation, increased cost of living

Amid rising interest rates and a challenging cost of living households, the proportion of Saskatchewan and Manitoba residents who report being close to insolvency has crept up since last quarter.

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Albertans’ concern about ability to pay debt reaches all-time high amidst rising rates and affordability struggles

Amid rising interest rates moving upwards and a challenging cost of living for households, the proportion of Albertans who are concerned about their ability to pay their debts has reached an all-time high.

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Quebecers’ debt concerns grow amid higher interest rates, inflation and affordability struggles, MNP Consumer Debt Index Finds

Quebecers’ anxiety about their debt situation is building amid rising interest rates, persistent inflation, and heightened affordability concerns.

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Dealing With Debt as a Business Owner

While taking on business debt is not inherently bad, like all debt, you must approach it from a prudent and practical standpoint.

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How do you know if you're insolvent?

The first step to handling financial difficulty is being aware of the situation. Are you insolvent or bankrupt? Here’s how to tell.

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business woman standing alone in the office and reading paperwork

Filing for Bankruptcy on behalf of your business is a difficult decision.

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Understanding gambling addictions and how to overcome them

Participation in gambling activities is widespread among Canadians.

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How do I know if I have too much debt? Six signs that don’t lie

This question comes up a lot, but it’s a difficult one to answer. While everyone loves a good benchmark, there’s never a clear-cut answer for how much debt is too much for any individual.

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Debt-endency: Addictions, Debt and Insolvency

Serious debt is rarely a stand-alone problem. It’s often the result of other factors which either parallel or contribute to financial distress.

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