Bankruptcy trustee firm MNP says its quarterly consumer debt index fell 15 points since its last survey to an all-time low of 77 points. A lower score on the index suggests higher anxiety about debt.
The report, based on online interviews conducted in December, says the percentage of Canadians concerned about their debt rose seven percentage points to 47 per cent, a record high.
It says 64 per cent say that as interest rates rise they are more concerned about their ability to pay their debts, while 59 per cent say if interest rates go up much more, they will be in financial trouble.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadians more worried about rising debt amid high cost of living: MNP - BNN BloombergCanadians are increasingly worried about their levels of debt amid rising interest rates and high inflation, according to a quarterly poll results released by MNP Ltd. on Monday.
Read more »
49% of Canadians Now Regret The Amount of Debt They've Taken On: MNPThe MNP Consumer Debt Index hit an all-time low, indicating heightened anxiety around debt and ability to pay bills. MNPdebt | IpsosCanada | debt Canada economy finance mortgages
Read more »
Scott Stinson: The Slams begin, with Canadians looking to make more tennis historyThere are seven Canadians at the Australian Open. The question is no longer about breakthroughs, but what the season’s milestones will be.
Read more »
Scott Stinson: The Slams begin, with Canadians looking to make more tennis historyThere are seven Canadians at the Australian Open. The question is no longer about breakthroughs, but what the season’s milestones will be.
Read more »
Letters: Canadians shouldn't be complacent about the persecution of Jordan PetersonReaders decry the latest attempt to censor the celebrated author, plus the Liberals\u0027 gun appropriation program and more
Read more »
Three Canadians dress in top-of-the-table Arsenal-Chelsea women's clashChelsea rallied to tie Arsenal 1-1 with a late Sam Kerr goal Sunday in a top-of-the table clash in the English Barclays Women's Super League that saw three Canadians dress.
Read more »