Debt confidence in Canada and how it may impact you

It was definitely a sobering report we saw last month regarding Canadians and debt. The MNP Consumer Debt Index fell to 88 points, the worst since 2017. This means that Canadian residents are less confident in managing debt, especially in dealing with emergency situations. Knowing this concern can help you truly speak to your customers about debt, understand what they are going through and adjust what you offer in order to have great outcomes for everyone.