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COVID Consumer DEBT: Nearly Half of Canadians Plan to Take on More Debt When Pandemic Financial Support Ends (+10 pts)
16/09/2020
Grant Bazian
MNP Consumer Debt Index
COVID-19
Over the past few months, various financial relief measures from government, banks, and businesses have helped cushion the financial blow of the pandemic for many Canadian households. As these measures evolve or come to an end, the pandemic is still impacting...
Read More arrow_forwardOne in three Atlantic Canadians still experiencing COVID-related disruption to their employment (down 16pts since June)
16/09/2020
COVID-19
MNP Consumer Debt Index
A new poll by Ipsos carried out on behalf of MNP LTD has found that one in three (36%) Atlantic Canadians are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced...
Read More arrow_forwardThree in ten (30%) Quebecers still experiencing COVID-related disruption to their employment
16/09/2020
Frederic Lachance
COVID-19
MNP Consumer Debt Index
A new poll by Ipsos carried out on behalf of MNP LTD has found that three in ten (30%) Quebecers are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced pay, or fewer...
Read More arrow_forwardMore than half (56%) of British Columbians still experiencing COVID-related disruption to their employment – the highest proportion nationally
16/09/2020
Linda Paul
MNP Consumer Debt Index
COVID-19
A new poll by Ipsos carried out on behalf of MNP LTD has found that more than half (56%) of British Columbians are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced...
Read More arrow_forwardOne in three (34%) Saskatchewan and Manitoba residents still experiencing COVID-related disruption to their employment
16/09/2020
Pamela Meger
MNP Consumer Debt Index
COVID-19
A new poll by Ipsos carried out on behalf of MNP LTD has found that one in three (34%) Saskatchewan and Manitoba residents are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs,...
Read More arrow_forwardNearly half (47%) of Ontarians still experiencing COVID-related disruption to their employment
16/09/2020
David Gowling
MNP Consumer Debt Index
COVID-19
A new poll by Ipsos carried out on behalf of MNP LTD has found that nearly half (47%) of Ontarians are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs, reduced pay, or...
Read More arrow_forwardOne in three (34%) Manitoba and Saskatchewan residents still experiencing COVID-related disruption to their employment
16/09/2020
MNP Consumer Debt Index
COVID-19
A new poll by Ipsos carried out on behalf of MNP LTD has found one in three (34%) Manitoba and Saskatchewan residents are still experiencing disruption to either their own work situation or that of someone else in their household in the form of lay-offs,...
Read More arrow_forwardShould I use a line of credit to pay off my debts?
15/09/2020
Linda Paul
Credit Counselling
That’s a good question, and one that might produce some surprising answers. There’s no one size fits all solution to debt.
Read More arrow_forwardYounger People and Debt (MNP 3 Minute Debt Break)
10/09/2020
Lifestyle Debt
The youth of today face a wide range of financial challenges that were mostly unheard of just a generation ago. The cost of rent, real estate, post secondary tuition and consumer products are all largely outpacing inflation. The thought of purchasing...
Read More arrow_forwardThe Bankruptcy and Insolvency Act: Safety net for debtors, assurance for lenders
08/09/2020
Debt Solutions
When individuals can no longer service their debt, it creates significant issues for both the borrower — who may find themselves in an ever-worsening cycle of debt — and their lender(s) who are having trouble recovering the money owed to them....
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