21 January 2019

Another 45% believe they will have to increase their debts in order to cover family expenses.

Many Canadians don’t have a large enough financial cushion, so each increase in expenses and interest payments may push them to the edge of material stability, MNP’s president Grant Bazian says.

Ipsos, which conducted the online poll for MNP from Dec. 7 to Dec. 12., surveyed 2,154 Canadians.

Now is a perfect time to revisit your budget and concentrate on high interest debt payout while mortgage rates are still historically low. We are helping hundreds of clients every year to lower their monthly payments by including high interest payments into one affordable mortgage payment and releasing lots of cash every month to cover other needs and pay unsecure debts faster.