MNP Debt Index Apr23 (MNP 3 Minute Debt Break)

Personal finances continue to be a major source of stress for Canadians, and half anticipate that the situation will continue to deteriorate. This is according to the latest MNP Consumer Debt Index conducted quarterly by Ipsos. When asked about the impact of Canada’s current economic conditions on their personal finances, half say they believe the worst is yet to come, while a third feel we are currently experiencing the worst part of the economic cycle. Fewer are optimistic about the future, with only 15 percent stating that the worst is behind us.