Many Canadians still feeling squeezed even as debt worries ease: insolvency firm

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Some Canadians are feeling a little more optimistic about their debt with the prospect of interest rate cuts on the horizon, said MNP Ltd.

The insolvency firm's Consumer Debt Index metric showed a significant rebound in the first quarter of 2024 after 12 months of low scores, according to its latest report.Fewer Canadian households than last quarter, at 41 per cent, say they are concerned about their current level of debt.

Fewer Canadians than before reported being concerned about their ability to repay their debts, but nearly half of respondents said they are $200 or less away from failing to meet all of their financial obligations, a number that didn't shift from the latest report. As Canada’s Finance Minister Chrystia Freeland prepares to deliver the federal government’s budget next week, new data suggests overwhelming support for the Canada Disability Benefit, a form of financial support for people living with disabilities signed into law last June.Canada has yet to reunite a single family with relatives who are trying to escape conflict-racked Sudan, while diaspora groups are demanding the federal government do more to end a yearlong civil war.

A Powerball player in Oregon won a jackpot worth more than US$1.3 billion on Sunday, ending a winless streak that had stretched more than three months.Dawn Staley and South Carolina completed their perfect season, ending Caitlin Clark's historic college career with an 87-75 win over Iowa in the NCAA championship game Sunday.

Parts of Metro Vancouver are being advised to brace for a soggy start to the week with a rainfall warning in place for some cities.While parts of Ontario, Quebec and the Maritimes are preparing for a rare opportunity to view a total solar eclipse on Monday, a partial eclipse will be happening in the skies above Metro Vancouver.Firefighters are extinguishing a blaze at a lumber mill in Delta after a large pile of wood caught fire overnight Sunday.

The Winnipeg Fire Paramedic Service was kept busy on Saturday with crews responding to two fires, including one that was caused by a hair straightener.The trial for Michael Gordon Jackson, the Saskatchewan man accused of abducting his child in 2021 to prevent them from receiving a COVID-19 vaccine, is set to begin in Regina on Monday.

More than 80 residents of a low-income apartment building in Kelowna, B.C., have been told they need to leave over a 'significant' risk to life and safety.'Not pleased with the result': Lethbridge Hurricanes looking ahead to next season after first-round exit

 

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