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MNP Debt Blog

From near zero to the highest interest rates in more than two decades, the latest MNP Consumer Debt Index finds significantly more Atlantic Canadians anticipate struggling with further rate hikes.

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Significantly more Manitoba and Saskatchewan residents anticipate struggling with further rate hikes as interest rates reach the highest point in over two decades, according to the latest MNP Consumer Debt Index.

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From near zero to the highest interest rates in over two decades, the latest MNP Consumer Debt Index reveals that significantly more Quebecers anticipate struggling with further rate hikes.

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What we’ve learned over five years of the MNP Consumer Debt Index

The MNP Consumer Debt Index celebrated its fifth anniversary in July 2023. The information we’ve collected over 25 quarterly surveys paints a detailed picture of how Canadians feel about their finances and individual debt situations.

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With interest rates rising and borrowing costs remaining a challenge for households, the proportion of Quebecers who feel anxious about debt has reached an all-time high.

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Amid rising interest rates and a challenging cost of living, the proportion of Ontarians who report being insolvent has reached an all-time high, according to the latest MNP Consumer Debt Index.

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Canadians’ concern about debt, ability to pay bills reach all-time high

As interest rates move upwards and the cost of living remains a challenge for households, the proportion of Canadians who report being insolvent has reached an all-time high, according to the latest MNP Consumer Debt Index.

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With rising interest rates and the cost of living remaining a challenge for B.C. households, the proportion who report being close to insolvency has spiked.

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Amid rising interest rates and a challenging cost of living households, the proportion of Saskatchewan and Manitoba residents who report being close to insolvency has crept up since last quarter.

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