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

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. 

More than a quarter of Canadians say they perceive their current debt situation as better than a year ago.

Fewer Canadian households than last quarter, at 41 per cent, say they are concerned about their current level of debt.