MNP Consumer Debt Index: Canadians experiencing financial whiplash as economic uncertainty persists

MNP’s latest Consumer Debt Index suggests persistent insolvency risk despite a steady headline index, with 43% of Canadians within $200 of monthly insolvency, 29% unable to cover bills and debt payments, rising job-loss concerns, and growing reliance on savings or new debt to meet tax and borrowing obligations, reinforcing demand for early LIT intervention and formal relief options.

Read more.