Fears of bankruptcy, debt ease after COVID-19 shock, poll suggests

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New poll suggests Canadians are more optimistic about their personal debt situations than they have been in three years

An online survey of more than 2,000 people for bankruptcy firm MNP Ltd. found its net personal debt rating hit 31 in May, the highest in three years. The personal debt rating measures the difference between the number of poll respondents who characterize their personal debt situation as "excellent" to those who characterize it as "terrible."

"The fact that many Canadians are more optimistic or even hopeful about their personal debt situation is likely a result of the pandemic relief measures," Grant Bazian, president of MNP's insolvency practice, said in a statement. "What's more is that many found it easier to spend less over the last few months since they were required to stay home."

Women, on average, had less money left over at the end of the month compared to men, the poll said. Residents of Alberta were more likely to report a large month-end surplus compared to Saskatchewan or Manitoba. "Even with marginal increases in groceries, utilities and online shopping, many households have reported significant savings which, in some cases, have made them feel more capable of keeping up with previously unsustainable debt payments."

 

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😆😆😆

Do a poll after mortgage deferrals and cerb cheques end.

The problem Canadian are not saving their money this nations need to impose and mandatory saving account to people who don’t have one or enough money in it like they have in Singapore

Fake news. Wait till the free money stops then ask them again.

Sure anyone stupid enough to support Trudeau is probably stupid enough to think our economy will be ok so it stands to reason

What demographic are drawi g from? I'm guessing those numbers don't represent the average Canadians' feeling's.

Lmao fools 😂

Who are you polling? No one I know.

Lol ok hmmmm

Except they only polled Liberal MP’S & their bustiness collutionists.

is that so🤣🤣🤣🤣🤣🤣

I have no debt.

I'm more optimistic that I'm in more dept 😭

How come I never get polled for these surveys? Who are the people getting polled

Lmao

Wait a few months when the government Monopoly money starts to run out

Those foolish enough to get overextended on stimulis loans will crash and burn as the repayments come due. Working class and small business collapse only delayed till after election. BUT Corporations debt wiped out. Gentrification of Business to the Billionair class

More liberal spin.CTV are you the PR dept for Justin Trudeau?

Ya thats because lots of Canadians are aware of NESARA/GESARA

Because, in communism your only debt is to the fatherland, and our leader is a very forgiving comrade!

God bless the CERB ...

Must have polled 1000 students collecting CERB.

Poll has to be flawed and/or just wait until another few months pass by and compare. Personal debt optimism is not sustainable long term with current job losses - unless things miraculously make an abrupt turnaround.

2k a month for doing nothing will have that effect ! To bad my tax dollars are paying you 🖕🖕

I call bs who the heck are the polling fake news

Ha, this just goes to prove that we shouldn't take any stock in poll results.

Of course with all that free money floating around....

PSA: A 'Loony' weighs exactly a 1/4 ounce. 😉😁😎

Lol. Record number of bankruptcies. How many people living off CERB? Did Trudeau send this report directly to CTV?

what a load of crap!

Are these stories sent directly to CTV from the PM?

Of course I don't feel bad about my own debt when all I have to do is look at the entire countires' to feel better

The Liberal propaganda machine doing good work

I call BS 🤣.

Bullshit! Stop asking PS union workers how they feel!

Cuz we've been buying gold juniors. The future looks bright indeed!

Look up 'GESARA' folks do some research.

Poll would suggest Canadians are not very bright.

Not true

Wait till the bill for the Wuhan Virus shows up.

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