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.

Financial uncertainty is reshaping how Canadians plan, spend, and cope. 💸
Swipe through to see what’s driving financial stress and why it matters.

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.

Worried you’ll lose everything if you file a Consumer Proposal?
✅ Your car
✅ Your home
✅ Your kids’ RESPs
The truth might surprise you. Learn how a Consumer Proposal can help you keep what matters most by reading our blog below:

What assets can you keep in a Consumer Proposal? Worried about losing your assets in a Consumer Proposal? Learn which assets you can keep and how a Licensed Insolvency Trustee can help you protect what matters most.

47% of Canadians regret their debt, but it doesn’t have to stay that way.
Learn how debt literacy can change your financial future, during MNP's Debt Literacy Month.
➡️ Visit our Debt Literacy Month page

MNP Debt Literacy Month MNP Debt Literacy Month is an annual initiative focused on helping Canadians better understand their personal finances, identify common debt blind spots, and build the knowledge needed to navigate borrowing costs with confidence.

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.