MNP Debt Blog
Displaying results for:
Albertans Have the Highest Consumer Debt in the Nation
30/10/2015
Donna Carson
MNP Consumer Debt Index
Canada’s debt ratio is at the highest debt income ration we’ve ever had. For every dollar we currently make, we are spending approximately $1.65 on credit.
Read More arrow_forwardOne In Five Canadians Likely To Take On Additional Credit Debt Due To The Bank Of Canada Rate Cut Announcement
19/03/2015
Donna Carson
MNP Consumer Debt Index
A new survey conducted by Ipsos Reid on behalf of MNP Ltd. reveals that a sizable portion of Canadians are willing to take on more debt due to the Bank of Canada’s key interest rate cut announcement.
Read More arrow_forwardAlbertans Asked To Think Twice Before Taking On More Debt
06/03/2015
Randy Kobbert
MNP Consumer Debt Index
The Bank of Canada announced on Jan. 21 the interest rate had been cut by 0.25%. Although good news, MNP personal bankruptcy trustees caution Canadians about taking advantage of this decrease by taking on more debt.
Read More arrow_forwardOne In Five Ontario Residents Are Technically Insolvent
02/03/2015
Grant Bazian
MNP Consumer Debt Index
Canadians underestimate debt-to-income balance. February 23, 2015, Calgary, AB — Almost of fifth of Ontario residents owe more than they own or earn, making them technically insolvent and at risk of bankruptcy, according to a new survey by Ipsos Reid....
Read More arrow_forward
