54% of Canadians within $200 of insolvency

According to the MNP Consumer Debt index – 54% of Canadians are within just $200 of financial insolvency. The blog from MNP says that “As pandemic-related government aid and loan deferral programs begin to wind down, the latest MNP Consumer Debt Index finds the number of Ontarians hovering close to financial insolvency has reached a five-year high.”