The number of Canadians who filed for insolvency in the first quarter of 2019 was up six percent compared to the same quarter last year, according to the latest official figures

According to a recent Ipsos survey conducted on behalf of MNP LTD., the majority of Canadians feel they can cover next year’s living expenses without incurring more, despite concern about mounting consumer debt in Canada

According to a recent Ipsos poll conducted by MNP LTD., a growing number of Canadians are inching closer to insolvency – with the proportion who are $200 or less from being able to pay their bills each month (46%) rising six points since September.

The number of consumer insolvencies per thousand residents in the area, aged 18 years or above, remained at 3.3 in 2018.

The number of consumer insolvencies per thousand residents in the area, aged 18 years or above, remained at 2.9 in 2018.

The number of consumer insolvencies per thousand residents in the region, aged 18 years or above, reached 4.5 in 2018 – the highest since tracking began in 1987.

The number of consumer insolvencies per thousand residents in Winnipeg, aged 18 years or above, hit 3.1 in 2018 – rising to the highest level since 2010, when it also sat at 3.1.

For some people, quitting credit cards cold turkey is more than just great alliteration.

Often, people are uncomfortable speaking openly about their debt and its impact on their personal well-being.

Rich, poor or somewhere in between, financial wellbeing is an integral part of everyone’s mental health.