Category: 18 October 2022

Home ISSUE 18 October 2022
ALMOST HALF OF CANADIAN HOUSEHOLDS NEARING INSOLVENCY
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ALMOST HALF OF CANADIAN HOUSEHOLDS NEARING INSOLVENCY

Forty-six percent of Canadian households report approaching “insolvency,” defined as no more than $200 away from being unable to meet their routine basic financial obligations, according to the quarterly Consumer Debt Index compiled by MNP, a Canadian bankruptcy and insolvency counseling firm.

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