MNP Debt Blog

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

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

It’s not something we’ve heard a lot of lately… but there is some financial optimism many Canadians are experiencing. It’s the financial “upside” to the pandemic thanks to relief measures and reduced spending.

The quarterly MNP Consumer Debt Index has taken a drastic plunge to 77 points, dropping a record 15 points from last quarter and marking an all-time low since the Index was created more than five years ago.

The impact of inflation and higher interest rates is leaving Saskatchewan and Manitoba residents feeling the most pessimistic about their debt situation compared to the other provinces.

Canadians are becoming acutely aware of how interest rates and the cost of necessities impact their household budgets, as both measures continue on a months-long upward trajectory.

A recent Ipsos poll conducted on behalf of MNP LTD reveals that higher costs and interest rates appear to be causing an isolation phenomenon, with half of British Columbians saying they’re staying home more often (50%) to save money.

The impact of inflation and higher interest rates is leaving Albertans feeling pessimistic about their debt.

A recent Ipsos poll conducted on behalf of MNP LTD reveals higher costs and interest rates appear to be causing an isolation phenomenon, with more than half of Ontarians saying they’re staying home more often (52%) to save money.

A recent Ipsos poll conducted on behalf of MNP LTD reveals higher costs and interest rates appear to be causing an isolation phenomenon. Three in five Saskatchewan and Manitoba residents say they are staying home more often (61%) to save money — more...