Rising interest rates and inflation forcing Canadians to make tough budget decisions to make ends meet
11/07/2022
Grant Bazian
MNP Consumer Debt Index
Canadians are becoming acutely aware of how interest rates and the cost of necessities impact their household budgets, as both measures continue on a months-long upward trajectory.
MNP Consumer Debt Index drops six points, reflecting Canadians’ worsening debt outlook despite recent interest rate cut
22/07/2024
Grant Bazian
MNP Consumer Debt Index
The MNP Consumer Debt Index has dropped to 85 points, down six points from the previous quarter.
Nearly three in five British Columbians say interest rates will need to drop much further before their financial situation significantly improves
22/07/2024
Linda Paul
MNP Consumer Debt Index
British Columbians are feeling pessimistic about their personal finances this quarter, despite the recent interest rate cut by the Bank of Canada.
Rising interest rates and inflation forcing Quebecers to make tough budget decisions to make ends meet
11/07/2022
Frederic Lachance
MNP Consumer Debt Index
Quebecers are becoming acutely aware of how interest rates and the cost of necessities impact their household budgets, as both continue on a months-long upward trajectory.
Rising cost of living forces Canadians to make tough sacrifices: Three in 10 are eating less to save, sharing expenses from housing to carpooling, childcare and groceries
16/10/2024
Grant Bazian
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, nearly a third (30%) of Canadians say they have turned to bill-splitting strategies — such as carpooling, buying in bulk, sharing subscriptions, and childcare.
More than half of Ontarians say interest rates will need to drop much further before their financial situation significantly improves
22/07/2024
Caryl Newbery-Mitchell
MNP Consumer Debt Index
Ontarians are feeling pessimistic about their personal finances this quarter, despite the recent interest rate cut by the Bank of Canada.
Rising cost of living forces British Columbians to make tough sacrifices: more than one-third are eating less to save money
16/10/2024
Linda Paul
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, British Columbians are more likely than any other province (38%) to report turning to bill-splitting strategies such as carpooling, buying in bulk, sharing subscriptions and childcare, and living with others.
Two-thirds of Saskatchewan and Manitoba residents say interest rates will need to drop much further before their financial situation significantly improves — more than any other province
22/07/2024
Pamela Meger
MNP Consumer Debt Index
Saskatchewan and Manitoba residents are feeling more pessimistic about their personal finances this quarter, despite the recent interest rate cut by the Bank of Canada.
Rising cost of living forces Ontarians to make tough sacrifices
16/10/2024
Caryl Newbery-Mitchell
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, a quarter (26%) of Ontarians have turned to bill-splitting strategies such as carpooling, buying in bulk, sharing subscriptions and childcare, and living with others.
