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MNP Consumer Debt Index Drops 4 Points Underscoring Canadians Deteriorating Financial Situation

Canadians are feeling worse about their consumer debt and personal finances than was the case just three months ago.

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Over Half of Saskatchewan and Manitoba Residents are $200 or Less Away From Financial Insolvency After Paying Their Monthly Bills and Debts, Up 14 Points Since September

According to a recent Ipsos poll conducted by MNP LTD., Saskatchewan and Manitoba residents are the most likely (56%) to be within $200 of insolvency at month-end compared to other provinces – jumping 14 points since September.

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Ontario Consumer Insolvencies Jump 13 Percent In The Second Quarter, One Of The Highest Increases In The Country

August 20, 2019 – Underscoring Ontarians' financial vulnerabilities when it comes to debt, the latest official figures from the Office of the Superintendent of Bankruptcy (OSB) continue to reinforce the mounting strain on many households in the province. The number of Ontarians who filed for insolvency in the second quarter of 2019 was up 13.5 per cent compared to the same quarter of last year, the greatest increase compared to the other provinces...

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Saskatchewan And Manitoba Residents Find Themselves With Less Money Each Month, More Than Half Concerned

Despite the Bank of Canada stating it will keep interest rates stable until next year, more than half (54%) of Saskatchewan and Manitoba residents say they are more concerned about their ability to repay debts than they used to be.

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Six in ten British Columbians are Concerned About Their Ability to Repay Debt Up 10 Points Since September

According to a recent Ipsos poll conducted by MNP LTD., British Columbians are particularly worried that rising interest rates will impact their ability to repay debts, with 58 percent expressing concern.

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Saskatchewan And Manitoba Residents Optimistic About Debt Except When It Comes To Unexpected Expenses

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

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Nearly Forty Per Cent Of Atlantic Canadians Anticipate Feelings Of Anxiety And Regret Over Holiday Spending Bills

As the shopping rush reaches peak intensity before the holidays, a local debt expert is warning Atlantic Canadians to avoid taking on more debt or payday loans, as they try to cope with the pressures of last minute gifts and Christmas grocery shopping.

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New OSB Data Shows Consumer Insolvency Rate Rising In Lethbridge-Medicine Hat Region

The rate, which had been growing since 2013, dipped in 2017 before climbing again in 2018.

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Number of Albertans who say they are Feeling the Effects of Interest Rate Increases Jumps Almost 20 per cent Since September

According to a recent Ipsos poll conducted by MNP LTD., higher interest rates are a major concern among Albertans.

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Number Of Atlantic Canadians On The Brink Of Financial Insolvency Jumps 10 Points Since December

Atlantic Canadians are feeling worse about their consumer debt and personal finances than was the case just a few months ago, according to the latest MNP Consumer Debt Index, a quarterly survey conducted by Ipsos on behalf of MNP LTD.

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