MNP Debt

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.

Debt Literacy Month is the perfect time to understand your financial options. Try the MNP Debt Calculator today 📲

It’s Debt Literacy Month, the perfect time to check in on your financial health.
Get a clearer picture of your debt level with our free online Debt Scale.
👉 Start your assessment today:

MNP Debt Scale Get a free checkup for your debt health. Take this quick 14 question survey for you to learn more about your debt health. Based on your answers, we will provide steps you can take to either help you achieve or continue living your debt-free future.

Regret, worry, and financial knowledge gaps are all increasing. MNP's Debt Literacy Month 2026 highlights the hidden blind spots that can end up costing Canadians.