MNP Debt Blog

The latest debt index finds almost half of households are not confident they’ll be able to cover all living and family expenses in the next 12 months without taking on more debt. In fact, the proportion of Canadians who report being insolvent and...

The latest debt index finds Canadians are showing record-low confidence levels when it comes to their personal finances and debt repayment abilities. Now in its nineteenth wave, the MNP Consumer Debt Index has reached the lowest point since inception,...

Saskatchewan and Manitoba residents’ anxiety about their debt situation is building, amid rising interest rates, persistent inflation, and heightened affordability concerns.

Albertans’ anxiety about their debt situation is building amid rising interest rates, persistent inflation, and heightened affordability concerns.

Now in its fifteenth wave, the MNP Consumer Debt Index found more than half (52%) of British Columbians regret the amount of debt they have taken on, a five-point jump since September and the largest proportion compared to the other provinces.

More than half (54%) say they are $200 or less from not being able to cover their monthly bills and debt obligations, a whopping 13-point jump from December. Compared to the other provinces, Ontarians are the most likely (32%, +10pts) to report they are...

Six in 10 (59%) say they are $200 or less from not being able to pay all their bills and debt obligations each month — a whopping 16-point jump from December and the highest compared to the other provinces. This includes three in 10 (31%, +10pts)...