Surviving an income reduction can be extremely difficult, particularly if it results from an unexpected event such as layoff, termination or reduced hours of employment.

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.

The insolvency rate in the area, which had been declining since 2010, took a slight uptick to 3.4 per cent in 2018.

The number of consumer insolvencies per thousand residents in the Avalon Peninsula, aged 18 years or above, hit 7.1 in 2018 – the highest level since tracking began in 1987.

According to a recent Ipsos poll conducted by MNP LTD., British Columbians’ pocketbooks are continuing to get lighter as a result of recent interest rate increases.

Underscoring British Columbians' financial vulnerabilities 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 British Columbians who filed for insolvency in the second quarter of 2019 was up 11.1 per cent compared to the first quarter and up 5.2 per cent compared to the same quarter of last...

British Columbians are feeling significantly less optimistic about their financial future, 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.