More Ontarians are $200 or less away each month from financial insolvency amid ongoing economic uncertainty

Two in five Ontarians (43%) report they are $200 or less away from financial insolvency each month, increasing five points this quarter, according to the latest MNP Consumer Debt Index.

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Nearly three-quarters of British Columbians have cut spending or postponed major purchases as they take steps to safeguard their finances amid economic uncertainty

Nearly three-quarters say they have cut back on spending (74%) and are delaying major purchases or investments (75%), according to the latest MNP Consumer Debt Index.

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Half of Saskatchewan and Manitoba residents concerned about debt repayment even if rates decline, following two interest rate pauses, as they brace for ongoing economic uncertainty

Two-thirds of Saskatchewan and Manitoba residents (65%, +5 pts) say they desperately need interest rates to go down following two consecutive interest rate pauses, according to the latest MNP Consumer Debt Index.

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Nearly half of Albertans are $200 or less away from financial insolvency each month, more than any other province, amid ongoing economic uncertainty

Nearly half of Albertans (47%, +2 pts) report they are $200 or less away from financial insolvency each month — more than those in any other province — according to the latest MNP Consumer Debt Index.

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Newfoundlanders feeling flush and ready to spend as concern about debt and personal finances eases post-pandemic

The MNP Consumer Debt Index finds a third (32%) say they plan to spend more than normal on things such as travel, dining, and entertainment as they re-engage with the economy.

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Unexpected tax debt can be a daunting prospect. How can you confirm the CRA is really calling you — and pay back what you owe?

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PEI residents feeling flush and ready to spend as concern about debt and personal finances eases post-pandemic

The MNP Consumer Debt Index finds a third (32%) say they plan to spend more than normal on things such as travel, dining, and entertainment as they re-engage with the economy.

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Four in 10 Manitoba and Saskatchewan residents doubtful they can cover living expenses this year without going further into debt, most since December 2019

The quarterly poll conducted by Ipsos on behalf of MNP LTD finds four in 10 (43%, unchanged since March) households 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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