Saskatchewan’s economy was struggling before the global pandemic hit, so debt levels are rising in many households. An MNP Consumer Debt survey conducted at the beginning of March shows almost half of Saskatchewan’s residents are on the brink of insolvency, meaning they are $200 or less away from not being able to pay all their […]
A Saskatoon based Insolvency Trustee is concerned about the results of a national consumer debt index survey. Michelle Scheller says the trend of about a third of Saskatchewan residents surveyed being unable to cover their bills and debts each month started with the downturn in the western Canadian oil industry. The survey also suggests almost […]
People in the Regina-Moose Mountain region are having more difficulty dealing with debt according to statistics from the Office of the Superintendent of Bankruptcy. Those numbers released last month and show the highest rate of insolvency is found in the region. Since the stats were tracked beginning in 1987, the number of consumer insolvencies per thousand […]
