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MNP

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Canadians struggling with debt, heat or eat decisions rise: MNP

Mario Toneguzzi -
New data from MNP shows nearly half of Canadians are $200 from insolvency, cutting food and heat as financial stress deepens across households.
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MNP Consumer Debt Index holds steady following 2 interest rate pauses as Canadians brace for ongoing economic uncertainty

Mario Toneguzzi -
Nearly two-thirds of Canadians say they desperately need interest rates to go down, says MNP
News

MNP Consumer Debt Index Q2 2025: Canadians see financial relief as debt concerns ease amid lower interest rates

Mario Toneguzzi -
Reflecting Canadians’ shift toward financial caution, three-quarters (74%) say they have cut back on spending due to uncertainty, with women (77%) and those aged 35-54 (81%) being the most likely to have reduced spending, said MNP.
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Canada faces potential wave of small business closures: MNP

Mario Toneguzzi -
The average age of Canadian business owners was 53.5 in 2020, with many now approaching or already at retirement age.
News

MNP Consumer Debt Index plunges to 2nd lowest level ever recorded

Mario Toneguzzi -
Despite consecutive interest rate cuts in 2024, Canadians’ attitudes towards their finances and interest rates have worsened this quarter, says MNP.
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