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Nearly half of Canadians on the brink of insolvency: MNP survey
yahoo finance via msn ^ | 10/4/2022 | Alicja Siekierska

Posted on 10/05/2022 12:32:02 AM PDT by RomanSoldier19

anadians are finding it more difficult to pay for food, housing and transportation and nearly half are on the brink of insolvency as rising interest rates and soaring inflation continue to weigh on household budgets.

That's according to MNP's quarterly Consumer Debt Index released on Monday. The survey, which is conducted by Ipsos and tracks Canadians' attitudes towards their debt situation, found that 52 per cent of respondents say it is becoming less affordable to feed themselves and their families, an increase of five percentage points from December 2021.

(Excerpt) Read more at msn.com ...


TOPICS: News/Current Events
KEYWORDS: bankruptcy; canada; economy; insolvency
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1 posted on 10/05/2022 12:32:02 AM PDT by RomanSoldier19
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To: RomanSoldier19

Th Gobalist community wants everybody to think nations are going broke, everybody’s going to freeze and starve..... and need a “Savior”.


2 posted on 10/05/2022 12:40:53 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......Augustine)
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To: RomanSoldier19

But, as so many say to my Canadian wife - “Canada is so much better than us. You have free healthcare”


3 posted on 10/05/2022 12:51:18 AM PDT by llevrok (Pronouns: Me/myself/& I)
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To: llevrok

everyone will be free of everything soon


4 posted on 10/05/2022 12:55:55 AM PDT by RomanSoldier19 (Res ad Triarios venit)
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To: llevrok

Give me money back.
The only thing any nation needs to do, to provide quality healthcare, is to allow people to save tax free in an interest bearing account to a predetermined amount, say $2 million.


5 posted on 10/05/2022 12:58:27 AM PDT by Jonty30 (Some men want to see the world burn. It is they that want you to buy an electric car.)
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To: RomanSoldier19

What show is that from?


6 posted on 10/05/2022 1:02:09 AM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: caww

[Th Gobalist community wants everybody to think nations are going broke ..... and need a “Savior”.]

Yes, and that man shall confirm (somehow) a 7-year deal of ‘Peace and Security’ (we’ve already seen it start, with those words).

When? Unknown but it was making progress ... then Covid-19(84) showed up.


7 posted on 10/05/2022 1:07:16 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: RomanSoldier19

The Big Reset on display. You will have nothing and be happy.

Baby Castro is a BR priest.


8 posted on 10/05/2022 1:08:59 AM PDT by DeplorablePaul ("..)
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Justin Castro will fix it


9 posted on 10/05/2022 1:14:34 AM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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To: RomanSoldier19

Heavy consumer borrowing and debt have been very popular in Canada for decades.


10 posted on 10/05/2022 2:14:24 AM PDT by familyop ("For they that sleep with dogs, shall rise with fleas" (John Webster, "The White Devil" 1612).)
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To: familyop

Over $12.7 billion was pumped into Chinese investment in Canada in 2015, according to the National Bank of Canada. The investment accounted for one-third of all real estate purchases that were made Vancouver.
Chinese Investment in Canadian Real Estate: Is It Dwindling? - Pre…
precondo.ca/chinese-investment-in-canadian-real-estate/
precondo.ca/chinese-investment-in-canadian-real-estate/


11 posted on 10/05/2022 2:25:26 AM PDT by RomanSoldier19 (Res ad Triarios venit)
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To: caww
Th Gobalist community wants everybody to think nations are going broke, everybody’s going to freeze and starve..... and need a “Savior”.

A savior? Like the beast?

12 posted on 10/05/2022 3:31:53 AM PDT by Mark17 (Retired USAF air traffic controller. Father of USAF pilot. USAF aviation runs in the family )
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To: DeplorablePaul
The Big Reset on display. You will have nothing and be happy.

What happens if you want something?

13 posted on 10/05/2022 3:36:48 AM PDT by Mark17 (Retired USAF air traffic controller. Father of USAF pilot. USAF aviation runs in the family )
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To: RomanSoldier19

enjoy your communism...


14 posted on 10/05/2022 3:38:55 AM PDT by sten (fighting tyranny never goes out of style)
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To: RomanSoldier19

Uncle Fidel’s boy surely isn’t having trouble with heating costs,grocery costs,rent/mortgage,etc.


15 posted on 10/05/2022 3:40:15 AM PDT by Gay State Conservative (I Miss Jimmy Carter)
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To: caww

Things are going to get worse, before they get better.
Be prepared


16 posted on 10/05/2022 3:47:01 AM PDT by nuconvert ( Warning: Accused of being a radical militarist. Approach with caution.)
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To: RomanSoldier19

Higher prices are intentional and carefully cultivated by government decisions. We’re being punished for working, saving and living frugally instead of being government dependents.


17 posted on 10/05/2022 3:55:38 AM PDT by ArcadeQuarters (Remember the 2020 backstabbers. No more RINOs ever!)
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To: llevrok; Jonty30
But, as so many say to my Canadian wife - “Canada is so much better than us. You have free healthcare”

Canadians,like Brits,are all entitled to government health care whereas we aren't. The problem with their system is that you wait for months (or longer) for mediocre care.

A few years ago,after my second hip replacement,I spent some time studying the Canadian system to satisfy my curiosity.

I learned from the official in British Columbia government website that there was at least one kind of cardiac procedure for which a patient might wait for up to a year! And in Manitoba something like two-thirds of patients who needed a hip replacement were able to get one within six months. My hip replacements were both done within two weeks of my first call for a consultation.

And lastly,a few years ago one of Canada's Premieres (can't recall which one) needed a heart operation. As an important figure he surely could have gone to any major hospital in Montreal,Toronto or Vancouver but he chose to come to the US to have it done.It was a big story up there with most stories blasting him as some kind of traitor.

18 posted on 10/05/2022 4:01:37 AM PDT by Gay State Conservative (I Miss Jimmy Carter)
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To: llevrok

If the United States is suffering from a severe head cold, then Canada is down with pneumonia and is on life support....no “free health care” plan could begin to address that situation.

And we have one very severe “head cold” with the supposed leadership in the Oval Office and the Congress.

Only Mexico suffers more from the lack of competent governance on the part of Washington, DC. Look at Mexico’s problems with the shadow government under the control of the cartels, and the swarms of “immigrants” parading across Mexico, bearing disease, criminal elements and of course, just literally tons and tons of illegal and fatal drugs.

And that is all due to total failure to maintain any sort of order on the Mexican border.


19 posted on 10/05/2022 4:02:03 AM PDT by alloysteel (A born skeptic is now living in a target-rich environment. SO many beliefs to challenge...)
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To: Mark17

If you want something, you’ll be unhappy.

This is the flaw of the Big Reset. There are going to be a lot more unhappy people than happy Big Resetters. I bet that the Big Resetters are planning to retreat to their bunkers while a famine or pandemic does a mass extinction, then they’ll come out and be happy.


20 posted on 10/05/2022 4:12:47 AM PDT by DeplorablePaul ("..)
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