46% of Canadians on the brink of insolvency as rates rise

A new survey indicates almost half of Canadians have pushed their finances perilously close to the brink, underscoring the heavy toll that mounting debt loads are taking on households in this country.

Forty-six per cent of respondents to an Ipsos survey conducted on behalf MNP Ltd. said they’re within $200 of insolvency every month, compared with 40 per cent who faced such dire circumstances in the previous survey in September.