Underscoring financial vulnerabilities in Newfoundland and Labrador when it comes to consumer 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 Newfoundland and Labrador residents who filed for insolvency in the second quarter of 2019 was up 22.4 per cent compared to the same quarter of last year, the greatest increase...

The survey, conducted by Ipsos on behalf of MNP LTD, shows half of British Canadians (49%) say they would be embarrassed to get help if their financial situation was bad enough to consider Bankruptcy. More than a quarter (28%) of survey respondents say the stigma surrounding Bankruptcy prevents them from seeking help.

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

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

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.

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...

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.

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.

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.

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.