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How do you know if you're insolvent?

The first step to handling financial difficulty is being aware of the situation. Are you insolvent or bankrupt? Here’s how to tell.

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Behind the numbers: Understanding Canadian debt challenges

If you’re like many Canadians, you’ve likely been hearing about high interest rates, household net worth, and the performance of financial markets.

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Father and son sharing conversation

Can debt die, too?

In addition to the stress and sadness of losing a loved one, winding up an estate can be a significant burden to your executor and heirs.

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How can I manage my CERB repayments?

The Federal Government rolled out the Canada Emergency Response Benefit (CERB) to support those who were unable to work during the COVID-19 pandemic — and many people signed up quickly before the eligibility requirements were complete.

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Two-thirds of Saskatchewan and Manitoba residents say interest rates will need to drop much further before their financial situation significantly improves — more than any other province

Saskatchewan and Manitoba residents are feeling more pessimistic about their personal finances this quarter, despite the recent interest rate cut by the Bank of Canada.

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Ontarians’ concerns about debt and interest rates ease, yet repayment anxiety persists for majority

The latest MNP Consumer Debt Index finds that Ontarians are feeling increasingly confident in their personal finances this quarter as interest rate concerns ease.

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How Are Interest Rate Increases Affecting Mortgages (MNP 3 Minute Debt Break)

In recent years, Canadians have grown accustomed to low interest rates. The Bank of Canada used low interest rates to encourage spending and spur economic activity during the pandemic. However, 2022 marked a sharp and painful turn for many. To combat rising inflation, the Bank of Canada raised interest rates bringing them to their highest level since 2008. These increases in inflation and interest rates have put enormous strain on many Canadians....

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Debt and divorce: A financial fresh start

Divorce is a painful process for everyone involved. Add the financial stress of reconciling debt to the equation and it can quickly become overwhelming.

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Spring cleaning your finances? Here are five ways to go about it

It’s spring season! And as we open up to warmer temperatures and a season of bloom, your finances can also experience a positive shift that will lead you to achieve your financial goals. How can you spring-clean your finances? Review your budget, spending, and goals? You need professional help

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Prince Edward Islanders on the economy: More than half say the worst is yet to come

Personal finances continue to be a major source of stress for Atlantic Canadians. More than half anticipate the situation will continue to deteriorate, according to the latest MNP Consumer Debt Index conducted quarterly by Ipsos.

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