MNP says its Consumer Debt Index shows Canadians are bracing for a challenging 2026. A report released Monday shows at 71 per cent the majority of Canadians anticipate higher living costs while almost two thirds expect both rising housing pressure and a worsening economy. Fifty-four per cent are predicting interest rate and inflation strain and just over half expect job market weakness.

To deal with the increasing pressure MNP says nearly three in five Canadians are taking proactive steps like adjusting their budgets, attempting to consolidate debt or getting advice from a financial professional.

Nearly a third say they are avoiding thinking about their financial responsibilities, steering clear on discussing the issue and relying on credit to cover essential expenses. More than one in 10 say they don’t know where to begin to combat financial stress.