Just The Facts: Canadians’ Dangerous Debt

January 14, 2025 at 6:18 am  Federal, Politics

Ottawa, ON – After 9 years of the NDP-Liberals, life is more expensive than ever. Housing costs have doubled. Canadian families will pay an average of $800 more for food than they did last year. Canadians have been forced to take on more debt, just to put food on the table and a roof over their heads. Today, a shocking report from MNP reveals just how bad things have gotten.

50% of Canadians are now $200 or less away from not being able to pay their bills (up 8% from last year). 41% are worried someone in their household could lose their job (an all-time high). 50% are worried about their ability to repay their debts.

It didn’t used to be this way before the NDP-Liberals. The final score from MNP’s consumer debt index is the second worst ever recorded (the first being in 2022). Since NDP-Liberals’ money printing led to skyrocketing inflation, 65% of Canadians say they desperately need interest rates to go down, and 50% say that even if rates go down, they still won’t be able to pay their bills.

But the good news is that it won’t be like this when they’re gone. Only Common Sense Conservatives will axe the taxes that are making life so unaffordable for Canadians.

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