MNP Debt

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46% of Ontarians worry rising interest rates could move them toward bankruptcy, the highest share nationally, according to the latest MNP Consumer Debt Index.

MNP Consumer Debt Index: Nearly seven in 10 Ontarians report financial whiplash, the highest proportion among all provinces, as economic uncertainty persists Three-quarters of Ontarians say rising food and gas prices are straining their finances, the highest proportion among all provinces.

The latest MNP Consumer Debt Index has remained stable at 88 points this quarter. However, nearly two-thirds of Canadians say they desperately need interest rates to go down.

MNP Consumer Debt Index holds steady following two interest rate pauses as Canadians brace for ongoing economic uncertainty Younger adults and lower-income households are most likely to report stress, stalled life plans, and living paycheque to paycheque.