Canadians are heading into the New Year feeling more pessimistic about their personal finances, despite declining interest rates. The latest MNP Consumer Debt Index, conducted quarterly by Ipsos, dropped a staggering 10 points to 79 points, marking the second-lowest level on record since the Index’s inception in 2017.
Canadians’ personal debt rating has plunged to an all-time low, marking a sharp 12-point decline from the previous quarter. The previous record low was set in December 2022.
