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.

View the full article from the original source

No conversations yet

Activity Stream

Thu, Dec 4, 2025 at 8:00 am - David Suzuki posted on their blog: Fossil fuel interests and petrostates dash hopes at COP30
Thu, Nov 27, 2025 at 8:00 am - David Suzuki posted on their blog: It’s time to loosen billionaires’ stranglehold on humanity
Thu, Nov 20, 2025 at 8:00 am - David Suzuki posted on their blog: Electrotech, not fossil fuels, will power the future
Fri, Nov 14, 2025 at 9:50 pm - Transition Kamloops posted on their blog: From passage to presence: How 30 km/h streets transform cities
Fri, Nov 14, 2025 at 4:28 pm - Transition Kamloops posted on their blog: Official Community Plan Update: Have your say by December 9th
Fri, Nov 14, 2025 at 4:27 pm - Transition Kamloops posted on their blog: Just one public meeting on the 2026 City Budget this year: November 19
Thu, Nov 13, 2025 at 8:00 am - David Suzuki posted on their blog: Canada must not back down on industrial carbon price
Thu, Nov 13, 2025 at 3:01 am - David Suzuki posted on their blog: COP30 and the forest illusion: Canada’s climate promises mean nothing without Indigenous jurisdiction
Wed, Nov 12, 2025 at 2:43 pm - Transition Kamloops posted on their blog: Thompson River watershed salmon run sees slight increase in 2025
Thu, Nov 6, 2025 at 8:00 am - David Suzuki posted on their blog: COP30 climate summit needs a power shift
Full Stream