GotCredit / CC

Canadians are feeling worse about their consumer debt and personal finances. Insolvency Company MNP says there is growing concern along with deteriorating financial stability. People are less confident in their ability to absorb an interest rate hike. Nearly half of the people surveyed believe they are $200 or less away from financial insolvency. Atlantic Canadians are the worst off with 55 per cent saying they are in that $200 or less category. That’s a 10 point drop since December. Saskatchewan and Manitoba are at 46 per cent; also a ten point drop.