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The Debt Trap… as interest rates rise, public concern rises

There is a growing concern about personal debt and the impact of rising interest rates in Canada. In January we reported on an earlier release that rising interest rates were increasing worry among Canadians...

Breaking the bank… the January spending hangover

Canadians underestimated the amount of holiday shopping they would do in December and their overspending produced significantly more debt. In fact 42% went over budget according to one poll. While this consumer spending may...

Are Consumers Critical Enough of Their Financial Advisors?

Financial advisors and their clients. It is an awkward relationship because it is on-going, there is, presumably a difference in knowledge, and because we want to trust and feel like we have made the...

33% of Canadians have Nothing Left After They Pay Their Bills

A new poll conducted for MNP LTD by Ipsos shows that many Canadians have little financial flexibility from month to month and that rising interest rates already have many Canadians worried about their financial...

Canadians more positive about debt situation compared to year ago [Ipsos]

It seems counterintuitive. Twenty-five per cent of Canadians think their debt situation is better today than it was a year ago (using top 3 box on 10 point scale). In comparison, only 14% are...

Look out Canadians Plan to Spend this Holiday Season

Canadians are telling pollsters that they intend to spend more money this year than last. $653 on gifts this year (up about $100 from last year) according to a survey by RetailMeNot. $643 on...