Risky Financial Behaviours Keeping Canadians in Debt

A survey conducted by Ipsos on behalf of MNP LTD helps identify some Canadians’ costly money mistakes which could be contributing to the mounting consumer debt challenges across the country.

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The Bankruptcy and Insolvency Act: Safety net for debtors, assurance for lenders

When individuals can no longer service their debt, it creates significant issues for both the borrower — who may find themselves in an ever-worsening cycle of debt — and their lender(s) who are having trouble recovering the money owed to them.

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Should I use a line of credit to pay off my debts?

That’s a good question, and one that might produce some surprising answers. There’s no one size fits all solution to debt.

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A new poll by Ipsos carried out on behalf of MNP LTD has found that nearly half (47%) of Ontarians are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced pay, or fewer working hours. Over the past few months, various financial relief measures from the government, banks, and businesses have helped cushion the financial blow of the pandemic for many Ontarian households....

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A new poll by Ipsos carried out on behalf of MNP LTD has found that more than half (56%) of British Columbians are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced pay, or fewer working hours – an increase of 5 points since June, and the highest proportion compared to the other provinces. Over the past few months, various financial relief measures from...

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A new poll by Ipsos carried out on behalf of MNP LTD has found that one in three (34%) Saskatchewan and Manitoba residents are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced pay, or fewer working hours. This represents an eight point drop since June. Over the past few months, various financial relief measures from the government, banks, and businesses have...

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A new poll by Ipsos carried out on behalf of MNP LTD has found one in three (34%) Manitoba and Saskatchewan residents are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced pay, or fewer working hours.

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COVID Consumer DEBT: Nearly Half of Canadians Plan to Take on More Debt When Pandemic Financial Support Ends (+10 pts)

Over the past few months, various financial relief measures from government, banks, and businesses have helped cushion the financial blow of the pandemic for many Canadian households. As these measures evolve or come to an end, the pandemic is still impacting household income for many. A new poll by Ipsos carried out on behalf of MNP LTD has found that four in ten (43%) Canadians are still experiencing disruption to either their own work situation...

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A new poll by Ipsos carried out on behalf of MNP LTD has found that more than half (53%) of Albertans are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced pay, or fewer working hours – a decrease of two points since June.

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A new poll by Ipsos carried out on behalf of MNP LTD has found that one in three (36%) Atlantic Canadians are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced pay, or fewer working hours – a decrease of 16 points since June.

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