MNP Debt Blog

As Alberta continues to grapple with the price of crude oil on the global market and as a result, significant unemployment rolling through the energy sector – it comes as no surprise to learn tens of thousands of Albertans are struggling with financial...

According to MNP’s recent Consumer Debt Sentiment Survey, 56 per cent of Canadians are on the brink of financial ruin.

Nearly half (47 per cent) of all homeowners with a mortgage agree in that they’re concerned about their ability to make their mortgage payments when interest rates rise, according to a survey conducted by MNP Debt.

As interest rates continue to sit at rock bottom, many Canadians are left feeling (far) richer than they actually are, dipping deeper and deeper into credit reliance to accommodate spending habits.

With interest rates sitting at the bottom or the barrel, many British Columbians have felt free to spend as they please, dipping further and further into credit reliance in order to keep up spending habits.

The Calgary Sun recently covered an MNP survey confirming just how significant the numbers are when it comes to Albertans and their debt.

The numbers are in and they’re telling a story that feels a little too close to home for Canadians. Given today’s struggling economy and unemployment hitting tens of thousands of households across the country, many consumers have found themselves...

Huffington Post Canada recently covered MNP’s Debt Sentiment Survey. The numbers are in and they’re not looking good.

As the energy sector continue to spur unemployment across the country, millions of Canadians find themselves turning to credit to keep up with the cost of living.

As unemployment continues to grip many Canadians largely due to struggling crude oil prices, it probably doesn’t come as a surprise to learn many have found themselves relying on credit to make it from one financial obligation to next.