At MNP, we’re seeing a growing number of people working well-past retirement age simply to afford their monthly debt obligations.

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

According to a recent Ipsos poll conducted by MNP LTD., Canadians are increasingly worried about their ability to repay their debts.

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.

Canadians who find themselves in serious financial trouble could be digging themselves into a deeper hole by not seeking help when they need it. A new survey conducted by Ipsos on behalf of MNP LTD, shows almost half of Canadians (46%) say they would be embarrassed to get help if their financial situation was bad enough to consider bankruptcy. One-third (31%) of survey respondents say the stigma surrounding bankruptcy prevents them from seeking help....

Sometimes life doesn’t turn out the way we expected and we find ourselves overwhelmed with debt.

As Canadians settle down to embrace summer fun, what many are really doing is creating a winter of financial pain if they do not make the right choices over the coming months.

Home equity lines of credit (HELOCs) have emerged as one of the biggest contributors to the growth of household debt in Canada, particularly in markets where real estate values have surged over the last decade. The latest data from the Office of Superintendent of Financial Institutions (OSFI) shows that the balance of loans secured by residential real estate has reached another record high of 269 billion in June.

We have seen countless news reports, tweets, blogs that tell us that Canadians have more debt than ever.