MNP Debt Blog

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

Despite the Bank of Canada stating it will keep interest rates stable until next year, more than half (55%) of Ontarians say they are more concerned about their ability to repay their debts than they used to be.

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.

Ontarians 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 Ontarians (45%) say they would...

The number of consumer insolvencies per thousand residents in Ottawa, aged 18 years or above, hit 3.8 in 2018 – the highest level since 2013, when it also sat at 3.8.

As the shopping rush reaches peak intensity before the holidays, a Canadian debt expert is warning 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.

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

The number of consumer insolvencies per thousand residents in PEI, aged 18 years or above, climbed to 6.1 in 2018 after declining for the past three years.

According to a recent Ipsos poll conducted by MNP LTD., a growing number of Quebec residents don’t earn enough to cover their bills and debt payments, with one third (33%) – a five percent increase since September – now mirroring that sentiment.