MNP Debt Blog

The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying Ontarians’ consumer debt binge.

The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying Manitoba residents’ consumer debt binge.

The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying British Columbians’ consumer debt binge.

The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying Atlantic Canadians’ consumer debt binge.

The latest MNP Consumer Debt Sentiment Survey shows that a lack of financial literacy skills may be intensifying Canadians’ consumer debt binge.

With the Bank of Canada holding interest rates at record lows, a new poll conducted by Ipsos on behalf of MNP Ltd. shows that 31 per cent of Canadians anticipate taking advantage of the rates by increasing debt and consumer spending.

With interest rates parked at record lows, many Canadians have taken full advantage – splurging on low cost credit despite a stagnant economy.

With the Bank of Canada holding interest rates steady at 0.5 per cent, Canadians continue to feel confidant in excess spending, relying on credit as the national economy continues to struggle and many households are grappling with depleted income.

As interest rates continue to sit at record-lows, Canadians have continued to spend, relying on credit when funds are in a pinch.