Consumer Debt Index highlights impact of affordability crisis: More Saskatchewan and Manitoba residents say necessities such as food, transportation and clothing are less affordable

The impact of this year’s persistent inflation and consecutive interest rate hikes is becoming clear as Saskatchewan and Manitoba residents voice concerns about the effect on their wallets.

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Over half of Newfoundlanders are $200 or less away from insolvency, cannot pay their bills each month

The latest MNP Consumer Debt Index points to debt trouble in Atlantic Canada, particularly as payment deferrals and government emergency aid programs change or wind down.

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Consumer Debt Index highlights impact of affordability crisis: More Albertans say necessities such as food, housing and transportation are less affordable

The impact of this year’s persistent inflation and consecutive interest rate hikes are becoming clear as Albertans grow more worried about the effect on their wallets.

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Consumer Debt Index highlights impact of affordability crisis: More Nova Scotians say necessities such as food, housing and transportation are less affordable

The impact of this year’s persistent inflation and consecutive interest rate hikes is becoming clear as Atlantic Canadians’ concerns about the effect on their wallets skyrocket.

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MNP Consumer Debt Index hits record low amid growing concern about debt and rising interest rates among Canadians

The enduring financial impacts of COVID-19 coupled with the pressures of rising interest rates and a higher cost of living are weighing down Canadians’ confidence in their personal finances, according to the MNP Consumer Debt Index which is conducted quarterly by Ipsos on behalf of MNP LTD.

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Six in 10 (59%) Manitoba and Saskatchewan 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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Consumer Debt Index highlights impact of affordability crisis: More New Brunswickers say necessities such as food, housing and transportation are less affordable

The impact of this year’s persistent inflation and consecutive interest rate hikes is becoming clear as Atlantic Canadians’ concerns about the effect on their wallets skyrocket.

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Consumer Debt Index highlights impact of affordability crisis: More Newfoundlanders say necessities such as food, housing and transportation are less affordable

The impact of this year’s persistent inflation and consecutive interest rate hikes is becoming clear as Atlantic Canadians’ concerns about the effect on their wallets skyrocket.

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More than half of British Columbians say they are already feeling the effects of interest rate increases, a six-point jump since December

British Columbians are feeling the enduring financial impacts of COVID-19 as well as the pressure of increased interest rates and a rising cost of living, according to the latest MNP Consumer Debt Index, which is conducted quarterly by Ipsos on behalf of MNP LTD.

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